Princeton University's financial aid policy is recognized as among the most generous in the country. The University's robust financial aid packages are built on grants rather than loans, which allow students to graduate debt free. This makes a Princeton education affordable for any student who is admitted to the University. In fact, Princeton is likely to be more affordable than a state university for lower- and middle-income students.
Princeton also is one of a handful of schools in the United States whose financial aid policy is the same for domestic and international students. In the 2014-15 academic year, about 60 percent of Princeton undergraduates received financial aid.
As a result of the University's efforts to increase the economic diversity of the student body, 18 percent of the freshman Class of 2018 received Pell grants, up from 7.2 percent for the freshman Class of 2008. Federal Pell Grants provide need-based grants to low-income undergraduates.
The full story of Affordable Princeton is available on the University homepage.