By the Numbers

Under the University’s new financial aid model, most families with incomes up to $100,000 a year pay nothing for their student to attend Princeton, and many families living in the U.S. with incomes up to and even beyond $300,000 receive grant aid, including those at higher income levels with multiple children in college.

Approximately 67% of students in the Class of 2027 receive financial aid.

Nearly 25% of all undergraduates pay nothing to attend, with aid that covers tuition, housing, food, books and personal expenses.

Among recent seniors, more than 83% graduated debt-free.

Through the Tigers In Town initiative, student gatherings at local retail locations have provided purchases of about $263,000 over the past two years. 

In 2022-23, Princeton students spent more than $250,000 at local restaurants and cafés using the Pay with Points program from their dining plans.

The University’s endowment currently funds about 70% of the undergraduate financial aid budget, which has supported the University’s efforts to increase the socioeconomic diversity of the student body. 

In the Class of 2027, 17% of students are first-generation college students and 22% are lower-income students eligible for federal Pell Grants, reflecting the University’s enduring commitment to attract, enroll and support extraordinary students from all backgrounds.

Looking back at 2022–23

Ben Bernanke, former Princeton professor and economics department chair, and chair of the Federal Reserve Board from 2006 to 2014, received a 2022 Nobel Prize in economic sciences.

Princeton mathematician June Huh was awarded the 2022 Fields Medal and a MacArthur Foundation “genius” grant

Princeton significantly enhanced its financial aid for undergraduates; most families with incomes up to $100,000 a year now pay nothing for their student to attend.

Princeton’s first electric bus made its campus debut; the University is now operating 17 fully electric campus shuttles.

Jennifer Rexford, the Gordon Y.S. Wu Professor in Engineering and a 1991 Princeton graduate, was named the University’s provost.

Along with a leadership gift to the University’s Venture Forward campaign toward the new Princeton University Art Museum, Preston H. Haskell III ’60 made a gift of art that is one of the most significant in the museum’s history.

Princeton University Library presented the acclaimed exhibit “Toni Morrison: Sites of Memory,” curated by Autumn Womack, associate professor of African American Studies and English. 

In a weekend for the history books, the Princeton men’s and women’s basketball teams both roared into Round 2 play in the NCAA Tournament. The men’s team then advanced to the Sweet 16.

The Princeton School of Public and International Affairs opened a new center in Washington, D.C.

Alumni Gilbert Omenn ’61 and Martha Darling *70 made a major gift as part of the Venture Forward campaign to establish the Omenn-Darling Bioengineering Institute.