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Princeton University costs $73,450 per year—but here’s how much students actually pay

Dave_BerryDave_Berry 492 replies2451 discussionsCC Admissions Expert Posts: 2,943 Senior Member
"Earning a college diploma has never been more expensive, but the cost can vary widely.

According to the College Board’s 2018 Trends in College Pricing Report, the reported tuition at private non-profit four-year schools is an average $35,830. However, the average net price of tuition and fees at these schools — after scholarships and grants are taken into account — is closer to $14,610.

And exactly how much an individual student will spend on a college degree depends on the school and what income bracket their family fits into. This complex cost structure holds true at some of the most prestigious schools in the U.S., including the Ivy League.

During the 2019 - 2020 school year, the total cost to attend Princeton is $73,450 — but many students end up paying far less." ...

https://www.cnbc.com/2019/05/03/it-costs-73450-to-go-to-princetonheres-how-much-students-pay.html
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Replies to: Princeton University costs $73,450 per year—but here’s how much students actually pay

  • mara15mara15 13 replies0 discussionsRegistered User Posts: 13 New Member
    I agree. The endowment made Princeton affordable even though our family did not qualify for any aid under FAFSA we received about 30K through the Princeton grant
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  • PublisherPublisher 7391 replies76 discussionsRegistered User Posts: 7,467 Senior Member
    edited May 10
    Absolutely ridiculous that Princeton University has set the bar at $65,000 per year of income for full financial aid. It should be at least $125,000 per year. This is a prime example of why the Endowment Tax has so much support.
    edited May 10
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  • Happytimes2001Happytimes2001 1259 replies10 discussionsRegistered User Posts: 1,269 Senior Member
    Fuuny how so many write articles about the small amounts people pay. And at the sane time, there are very few to mo articles about those paying quite a bit relative to income. Or what about those who pay yes, gulp, swallow more than a million dollars with several kids at top schools paying full freight because the earn a lot. As a full scholarship recipient who will pay full fare, I have mixed feelings. Perhaps, its time to look at a % of incone rather than free rides up to a point. Also location matters. One could actually live quite well on many if these salaries in certain states.
    The system is very close to breaking.
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  • CU123CU123 3310 replies58 discussionsRegistered User Posts: 3,368 Senior Member
    Averages mean absolutely nothing.
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  • ucbalumnusucbalumnus 76552 replies665 discussionsRegistered User Posts: 77,217 Senior Member
    edited May 30
    Publisher wrote:
    Absolutely ridiculous that Princeton University has set the bar at $65,000 per year of income for full financial aid. It should be at least $125,000 per year.

    $65k or lower would include about half of US households, but probably only about a sixth of those with Princeton students. $125k or lower would include around four out of five US households, but probably still significantly fewer than half of those with Princeton students.
    edited May 30
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  • jerseyfolkjerseyfolk 1 replies0 discussionsRegistered User Posts: 1 New Member
    I wish it was this simple. How financial aid is calculated at Princeton is a mystery to me - with my single parent income of $85k our aid package falls well short of the tuition and none of the living costs etc. Should've gone to Yale.
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  • melvin123melvin123 1526 replies18 discussionsRegistered User Posts: 1,544 Senior Member
    I find these kinds of articles to be incredibly misleading. The cost is whatever the school tells you your EFC is up to the full COA, not an average cost of $X. As a typical donut hole family, that means the whole $73k plus to us. It's crazy!
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