This topic is relative to my S18. I am seeking some clarity based on experience that anyone may have with typical Financial Packages provided by Princeton.
This is not an admittance chance question, If he applies, we assume there to be a 0-7% chance he is accepted. He has decent stats but mediocre ECs, so we can assume closer to 0 than 7 I suppose. But this question is not about acceptance…
The literature they have sent seems to indicate they are aggressive with endowment grants, exceeding what would typically be generated from an Expected Family Contribution calculator. In other words, Most EFCs I have checked assume we can pay ~30K per year. (We can’t)
If I am reading the Princeton literature (They actually sent a pamphlet dated 2016 quoting Class of 2020 figures…) correctly, they meet Full Tuition up to a family income of $140,000 100% of the time. Between 140K-160K is actually a generous 96% tuition met, scaling similarly upward from there. Room & Board is estimated at $14,770. We can likely meet those figures.
So, would anyone like to comment on their personal experience relative to this scenario, either here or via direct message? Does your financial experience match what I have quoted? Thanks.
Edit: For what it is worth, Yale sent a similar communication but provided less granular detail. Is it also as aggressive as Princeton’s through the complete income scale range, not just “sub 65K”?