Princeton University

www.princeton.edu

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2023 Undergraduate Tuition

$59,710

4.01% growth from 2022

2023 Average Net Price

$19,811

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

4.5%

39,644 Applicants

2023 Enrolled Students

8,922

99.2% Full-Time

2023 Graduation Rate

97.1%

1,268 Graduates

About

Princeton University is a higher education institution located in Mercer County, NJ. In 2023, the most popular Bachelors Degree concentrations at Princeton University were Computer Science (201 degrees awarded), Econometrics & Quantitative Economics (132 degrees), and General Public Policy Analysis (114 degrees).

In 2023, 2,390 degrees were awarded across all undergraduate and graduate programs at Princeton University. 46.1% of these degrees were awarded to women, and 53.9% awarded men. The most common race/ethnicity group of degree recipients was white (859 degrees), 2.02 times more than then the next closest race/ethnicity group, asian (426 degrees).

The median undergraduate tuition at Princeton University is $59,710, which is $28,707 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Princeton University was 0%, corresponding to 0 out of the 108 total borrowers.

Photo by Alexander Day

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Princeton University is $59,710, which is $28,707 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $19,811.

In 2023, 60% of undergraduate students attending Princeton University received financial aid through grants. Comparatively, 3% of undergraduate students received financial aid through loans.

Tuition Costs

$59,710

2023 Undergraduate Tuition

In 2023, the cost of tuition at Princeton University was $59,710. The cost of tuition at Princeton University is $28,707 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Princeton University (in red) with those of other similar universities.

Average Net Price

$19,811

2023 Value

5.95%

1 Year Growth

In 2023 Princeton University had an average net price — the price paid after factoring in grants and loans — of $19,811. Between 2022 and 2023, the average net price of Princeton University grew by 5.95%.

This chart compares the average net price of Princeton University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$18,630

Room and Board

$1,050

Books and Supplies

The average yearly cost of room and board at Princeton University was of $18,630 in 2023. The cost of room and board increased by 2.48% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,050. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Princeton University (in red) with that of similar universities.

Financial Aid by Income Level

60%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

60% of undergraduate students at Princeton University received financial aid through grants or loans in 2023. This represents a decline of 1.64% with respect to 2022, when 61% of undergraduate students received financial aid.

This chart compares the average award discount at Princeton University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Princeton University was 0%, which represents 0 out of the 108 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Princeton University received 39,644 undergraduate applications in 2023, which represents a 4.27% annual growth. Out of those 39,644 applicants, 1,782 students were accepted for enrollment, representing a 4.5% acceptance rate.

There were 8,922 students enrolled at Princeton University in 2023. 57% of first-time enrollees submitted SAT scores with their applications.

Princeton University has an overall enrollment yield of 76.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

4.5%

Acceptance Rate in 2023

1,782

Accepted Out of 39,644

In 2023, the undergraduate acceptance rate of Princeton University was 4.5% (1,782 admissions from 39,644 applications). This is lower than the acceptance rate of 2022, which was 5.7%. Between 2022 and 2023, the number of applicants grew by 4.27%, while admissions declined by 17.8%.

This chart compares the acceptance rate of Princeton University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

57%

Submission Percentage (2023)

774

Scores Submitted (2023)

57% of enrolled first-time students at Princeton University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Princeton University had a total enrollment of 8,922 students in 2023. The full-time enrollment at Princeton University is 8,849 students and the part-time enrollment is 73. This means that 99.2% of students enrolled at Princeton University are enrolled full-time.

The enrolled student population at Princeton University, both undergraduate and graduate, is 32.7% White, 18.7% Asian, 8.78% Hispanic or Latino, 6.77% Black or African American, 5.64% Two or More Races, 0.101% American Indian or Alaska Native, and 0.0672% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Princeton University in full-time Undergraduate programs are most commonly White Male (19.3%), followed by White Female (17.3%) and Asian Female (12.2%). Students enrolled in full-time Graduate programs are most commonly White Male (16.3%), followed by White Female (12.6%) and Asian Male (5.09%).

Full-Time vs Part-Time Enrollment

99.2%

Full-Time Enrollment

The total enrollment at Princeton University in 2023, both undergraduate and graduate, is 8,922 students. The full-time enrollment at Princeton University is 8,849 and the part-time enrollment is 73. This means that 99.2% of students enrolled at Princeton University are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Princeton University (in red) compares to similar universities.

Retention Rate over Time

97%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Princeton University was 97%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Princeton University had a retention rate higher than its peers.

This chart shows the retention rate over time at Princeton University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
2,914 enrolled students
Asian
1,672 enrolled students
Hispanic or Latino
783 enrolled students

The enrolled student population at Princeton University is 32.7% White, 18.7% Asian, 8.78% Hispanic or Latino, 6.77% Black or African American, 5.64% Two or More Races, 0.101% American Indian or Alaska Native, and 0.0672% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 313 students (3.51%) did not report their race.

Graduates

In 2023, 186 fewer women than men received degrees from Princeton University. The most common race/ethnicity group of degree recipients at Princeton University is white (859 degrees awarded). There were 2.02 times more white recipients than the next closest race/ethnicity group, asian (426 degrees).

The most common Bachelor's Degree concentration at Princeton University is Computer Science (201 degrees awarded), followed by Econometrics & Quantitative Economics (132 degrees) and General Public Policy Analysis (114 degrees).

In 2023, the most specialized majors across all degree types at Princeton University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Physical Sciences (225 degrees awarded), History (124 degrees), and Philosophy and Religious Studies (61 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Princeton University are Lawyers, & judges, magistrates, & other judicial workers (155,502 people), Postsecondary teachers (152,219 people), Other managers (151,895 people), Elementary & middle school teachers (109,777 people), and Architects, except landscape and naval (108,342 people).

The most specialized majors at Princeton University in 2023 are Physical Sciences (225 degrees awarded), History (124 degrees), Philosophy and Religious Studies (61 degrees), Language & Linguistics (83 degrees), and Architecture and Related Services (55 degrees) (as of 2023).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Princeton University are Diagnostic medical sonographers, Podiatrists, Surgeons, Cardiovascular technologists and technicians, and Magnetic resonance imaging technologists

The most specialized majors at Princeton University are Physical Sciences (225 degrees awarded), History (124 degrees), Philosophy and Religious Studies (61 degrees), Language & Linguistics (83 degrees), and Architecture and Related Services (55 degrees) (as of 2023).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Princeton University are Computer Systems Design (526,312 people), Architectural, engineering & related services (463,890 people), Colleges, universities & professional schools, including junior colleges (427,711 people), Elementary & secondary schools (408,929 people), and Construction (319,485 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Princeton University.

Most Common (2023)

Computer Science
201 degrees awarded
Econometrics & Quantitative Economics
132 degrees awarded
General Public Policy Analysis
114 degrees awarded

In 2023, the most common bachelors degree concentration at Princeton University was Computer Science with 201 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Princeton University according to their major.

Sex Breakdown for Common Majors

1,288

Degrees Awarded to Men

in 2023

1,102

Degrees Awarded to Women

in 2023

In 2023, 1,288 degrees were awarded to men at Princeton University, which is 1.17 times more than the number of degrees awarded to females (1,102).

This chart displays the sex disparity between the top 5 majors at Princeton University by degrees awarded.

Most Common Male Majors

In 2023, 181 degrees were awarded to men at Princeton University in Computer Science, which is 1.74 times more than the 104 female recipients with that same degree.

Most Common Female Majors

In 2023, 124 degrees were awarded to men at Princeton University in General Public Policy Analysis, which is 1.33 times more than the 93 male recipients with that same degree.

Time to Complete

90%

100% Completion Time

98%

150% Completion Time

In 2023, 90% of students graduating from Princeton University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 98% completed their degrees within 150% of the normal time, and 98% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Princeton University is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.58% of graduates (20 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
859 degrees awarded
Asian
426 degrees awarded
Hispanic or Latino
214 degrees awarded

The most common race/ethnicity at Princeton University is white (859 degrees awarded). There were 2.02 times more white recipients than the next closest race/ethnicity group, asian (426 degrees).

2.8% of degree recipients (67 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
473 degrees awarded
White Female
386 degrees awarded
Asian Female
225 degrees awarded

The most common race/ethnicity and sex grouping at Princeton University is white male (473 degrees awarded). There were 1.23 times more white male recipients than the next closest race/ethnicity group, white female (386 degrees).

Operations

Princeton University has an endowment valued at nearly $33.4B, as of the end of the 2023 fiscal year. The return on its endowment was of −555M (−1.66%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Princeton University had a total salary expenditure of 2.26B. Princeton University employs 512 Professors, 216 Lecturers and 190 Assistant professors. Most academics at Princeton University are Male Professor (371), Female Professor (141), and Female Lecturer (120).

The most common positions for non-instructional staff at Princeton University are: Computer, Engineering, and Science, with 1,681 employees, Office and Administrative Support, with 1,053 employees, and Service with 896 employees.

Endowment

$33.4B

2023 Endowment

4.97%

decline from 2022

Princeton University has an endowment valued at about $33.4B, as of the end of the 2023 fiscal year. The endowment of Princeton University declined 4.97% from the previous year. The value of their endowment was $32.9B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Princeton University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Salary Expenditure

$887M

2023 Salaries

12.2%

growth from 2022

In 2023, Princeton University paid a median of $887M in salaries, which represents 39.2% of their overall expenditure ($2.26B) and a 12.2% growth from the previous year. This is compared to a 5.19% growth between 2021 and 2022, and a 1.83% growth between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$227M

Instructional Salaries

1,052

Number of Employees

In 2023, Princeton University paid a total of $227M to 1,052 employees working as instructors, which represents 25.6% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

512 Employees

Computer, Engineering, and Science

Most Common Non-Instructional Employee

1,681 Employees

In 2023, the most common positions for instructional staff at Princeton University were Professor with 512 employees, Lecturer with 216 employees, and Assistant professor with 190 employees.

In 2023, the most common positions for non-instructional staff at Princeton University were Computer, Engineering, and Science with 1,681 employees, Office and Administrative Support with 1,053 employees, and Service with 896 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Professor
Female Lecturer

In 2023, the most common demographic for instructional staff at Princeton University was Male Professor with 371 employees, Female Professor with 141 employees, and Female Lecturer with 120 employees.

This chart shows the sex split between each academic rank present at Princeton University.

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