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Princeton University Match Scholarship

For high school students applying to the National College Match in 2007

The average aid award at Princeton is made up of 96% scholarship and 4% campus job, with zero student loan. Students who come from economically disadvantaged backgrounds typically have no parental contribution expected when the family income is under $40,000. Parents may be asked to contribute small amounts when the family income is between $40,000 and $60,000.

You can find out what your financial aid package will look like by using the Early Estimator. The Early Estimator is a convenient calculator based on Princeton's actual financial aid formula. If the information you provide about your family's finances is accurate, the estimated award figured for you will be very realistic.

The QuestBridge College Match Scholarship for students with a straightforward family financial situation and an income of less than $40,000 will look like the package below. For students with a family income of less than $40,000 who have a complex financial situation, please use the Early Estimator.


Scholarship Details

Glossary of terms appearing in scholarship package details


Annual Cost of Attendance
Tuition $33,000
Room & Board $10,980
Books & Supplies $1,145
Travel $580
Personal $2,250
Other Fees $0
Total $47,955
  
How Costs Are Covered (Annually)
Grants $43,965
Federal Work-Study $2,210
Parental Contribution $0
Student Summer Work Contribution $1,780
Student Savings 5%
Student Loan $0
Total $47,955

This is an example of a typical financial award for a low-income student. Actual amounts may vary.

Outside Scholarships
Outside scholarships can be applied to the work-study requirement and then the summer work contribution. Scholarships that exceed the earnings requirements can be used toward the one-time purchase of a personal computer. Additional scholarships will be used to reduce the Princeton grant.

Health Insurance
Princeton requires all students to have health insurance, either through a parent or another plan. If the student is not covered by a parental plan, the Princeton grant will be increased to pay for the $1,050 Princeton student health plan.

Other Details
Students are expected to contribute 5% of their personal savings toward college expenses. This contribution will decrease the amount of the Princeton grant.

A travel allowance will be determined by Princeton based on student location The actual travel allowance may be different than the average amount listed here, affecting the amount of the Princeton grant.

Requirements associated with maintaining this award:
  • Satisfactory academic progress

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