In today’s competitive world, higher education has become a necessity and for many, both national and international students, the USA is a desirable destination for it. One of the top universities not only in the US but globally is Princeton University, which is currently ranked 22nd in the QS World Ranking and 4th in the QS WUR Subject Ranking. Naturally, many students aspire to study at such a prestigious institution. However, getting into Princeton is both challenging and expensive. To support students, Princeton University offers financial aid, which we will discuss today.
What is the Princeton University Financial Aid Scheme and how does it work?
When awarding financial aid, Princeton University follows the following guiding principles:
- Free admission for all applicants: Applying for financial aid does not place students at a disadvantage during the admissions process, providing equal opportunities for low- and moderate-income students.
- Financial aid is based on need, not merit: Princeton considers a student’s talents and achievements for admissions purposes only, not for financial aid. Academic and athletic merit are not factors in awarding aid.
- Individual financial circumstances are assessed: The University conducts a careful review of each family’s financial situation, giving personal attention to each admitted student’s application for aid. Special circumstances are taken into account when determining the aid granted.
- Absolute need met through grants: Princeton ensures that the full financial needs of each admitted student are met, primarily through grants rather than loans.
This financial aid structure aims to make Princeton accessible to students regardless of their financial background.
The official website states: “Below are average scholarship amounts for students whose families live in the United States. Your subsidy may vary from the averages below based on the Financial Aid Office’s assessment of your family’s resources, including assets other than the family home or pension funds.’
The university provided the table that provides the average scholarship awarded to students admitted to the class of 2025:
For more information, students can visit the official website of Princeton University or click here.
