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Princeton Tuition Monthly Payment Plan (MPP)

SRmom2019SRmom2019 23 replies1 discussionsRegistered User Posts: 24 Junior Member
My DD will be attending Princeton in the Fall, class of 2023. She did not qualify for any financial aid (definitely a donut hole situation, as I am an only parent and am not able to just "write a check" for the full amount). Does anyone have the details of how the monthly payment plan works? The explanatory link on the Princeton site is broken. On one page, the Princeton site says the MPP is $40/semester; in another, it says there's a 3.5% fee. Any current Tiger Parents out there able to answer? Thanks!
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Replies to: Princeton Tuition Monthly Payment Plan (MPP)

  • mara15mara15 13 replies0 discussionsRegistered User Posts: 13 New Member
    My DD will also be attending fall 2023. Have you asked to be added to the FB page. The parents on the page have a ton of info and the moderators are connected to the school so also bring their wealth of knowledge as well. Best of luck
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  • SRmom2019SRmom2019 23 replies1 discussionsRegistered User Posts: 24 Junior Member
    edited June 14
    Thank you, @mara15! Are you referring to the official class of 2023 FB group for the students?
    edited June 14
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  • mara15mara15 13 replies0 discussionsRegistered User Posts: 13 New Member
    nope its called Princeton parents. Its not specific to grade so experienced parents share a lot of knowledge. It does take about a week to be approved. Its a closed group
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  • SRmom2019SRmom2019 23 replies1 discussionsRegistered User Posts: 24 Junior Member
    edited June 14
    Found it! Thank you! Maybe we'll meet at the First Year Families weekend!

    And, congratulations!
    edited June 14
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  • mara15mara15 13 replies0 discussionsRegistered User Posts: 13 New Member
    Yay! we will be there. Glad you found the page!
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  • sherpasherpa 4728 replies93 discussionsRegistered User Posts: 4,821 Senior Member
    Check this out: https://finance.princeton.edu/how-to/tuition-student-billing-l/loan-options/princeton-parent-loan-pro/

    The Princeton Parent Loan program allows parents to finance as much as their entire expected parent contribution over a 14 year term at below market interest rates.

    I've been utilizing this program for roughly 8 years and am very satisfied. I elected to take the variable interest rate and while I don't pay particularly close attention to rate, I believe it has hovered between 1.5%-2%.
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  • psywarpsywar 695 replies24 discussionsRegistered User Posts: 719 Member
    @srmom2019 we use this for our 2020 son and have had no problems. Super appreciative of the program.
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