Princeton University

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2017 Undergraduate Tuition

$47,140

4.06% growth from 2016

2017 Average Net Price

$16,302

After Financial Aid

2016 Student Loan

0.962%

Default Rate

2017 Acceptance Rate

6.41%

31,056 Applicants

2017 Enrolled Students

8,273

98.4% Full-Time

2017 Graduation Rate

97.3%

1,265 Graduates

About

Princeton University is a higher education institution located in Mercer County, NJ. In 2016, the most popular Bachelor's Degree concentrations at Princeton University were Econometrics & Quantitative Economics (129 degrees awarded), General Computer Engineering (129 degrees), and General Public Policy Analysis (107 degrees).

In 2017, 2,268 degrees were awarded across all undergraduate and graduate programs at Princeton University. 44.3% of these degrees were awarded to women, and 55.7% awarded men. The majority of degree recipients were white (964 degrees), 2.79 times more than then the next closest race/ethnicity group, asian (345 degrees).

The median undergraduate tuition at Princeton University is $47,140, which is $20,640 more than the national average for Doctoral Universities ($26,500).

Photo by Alexander Day

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

The median undergraduate tuition at Princeton University is $47,140, which is $20,640 more than the national average for Doctoral Universities ($26,500).

After taking grants and loans into account, the average net price for students is $16,302.

In 2017, 58% of undergraduate students received federal grants, while 4% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$47,140

2017 Undergraduate Tuition

In 2017, the cost of tuition at Princeton University was $47,140. The cost of tuition at Princeton University is $20,640 more than than the overall (public and private) national average for Doctoral Universities ($26,500).

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

Average Net Price

$16,302

2017 Value

8.06%

1 Year Growth

In 2017 Princeton University had an average net price — the price paid after factoring in grants and loans — of $16,302. Between 2016 and 2017, the average net price of Princeton University grew by 8.06%.

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

$14,770

Room and Board

$1,050

Books and Supplies

The average yearly cost of room and board at Princeton University was of $14,770 in 2017. During the same period, the average yearly cost of books and supplies was $1,050. The cost of room and board increased by 4.31% between 2016 and 2017. 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

Financial Aid by Income Level

58%

Of Undergraduates Receive Grants

Of Undergraduates Receive Federal Loans

58% of undergraduate students at Princeton University received grants or loans in 2017. This represents a growth of 0% with respect to 2016, when 58% 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.

0.962%

2016 Default Rate

Number of Defaults

In 2016 the default rate for borrower's at Princeton University was 0.962%, which represents 1 out of the 104 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 31,056 undergraduate applications in 2017, which represents a 5.98% annual growth. Out of those 31,056 applicants, 1,990 students were accepted for enrollment, representing a 6.41% acceptance rate.

There were 8,273 students enrolled at Princeton University in 2017, and 65% of first-time enrollees submitted SAT scores with their applications.

Princeton University has an overall enrollment yield of 65.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

6.41%

Acceptance Rate in 2017

1,990

Accepted Out of 31,056

In 2017, the undergraduate acceptance rate of Princeton University was 6.41% (1,990 admissions from 31,056 applications). This is lower than the acceptance rate of 2016, which was 6.52%. Between 2016 and 2017, the number of applicants grew by 5.98%, while admissions grew by 4.13%.

This chart compares the acceptance rate of Princeton University (in red) with that of other similar universities.

SAT Scores

65%

Submission Percentage

854

Scores Submitted

65% of enrolled first-time students at Princeton University in 2017 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Princeton University has a total enrollment of 8,273 students. The full-time enrollment at Princeton University is 8,139 students and the part-time enrollment is 134. This means that 98.4% of students enrolled at Princeton University are enrolled full-time.

The enrolled student population at Princeton University, both undergraduate and graduate, is 39.5% White, 16.1% Asian, 8.35% Hispanic or Latino, 5.85% Black or African American, 3.58% Two or More Races, 0.109% Native Hawaiian or Other Pacific Islanders, and 0.109% American Indian or Alaska Native.

Students enrolled at Princeton University in full-time Undergraduate programs are majority White Male (23%), followed by White Female (19.5%) and Asian Female (11.1%). Students enrolled in full-time Graduate programs are majority White Male (20.3%), followed by White Female (14.6%) and Asian Male (3.65%).

Full-Time vs Part-Time Enrollment

98.4%

Full-Time Enrollment

The total enrollment at Princeton University, both undergraduate and graduate, is 8,273 students. The full-time enrollment at Princeton University is 8,139 and the part-time enrollment is 134. This means that 98.4% of students enrolled at Princeton University are enrolled full-time compared with 78% 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

98%

2017 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 98%. Compared with the full-time retention rate at similar Doctoral Universities (83%), 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

White
3,264
Asian
1,333
Hispanic or Latino
691

The enrolled student population at Princeton University is 39.5% White, 16.1% Asian, 8.35% Hispanic or Latino, 5.85% Black or African American, 3.58% Two or More Races, 0.109% Native Hawaiian or Other Pacific Islanders, and 0.109% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 51.5% White, 13.4% Hispanic or Latino, and 9.57% 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, 297 students (3.59%) did not report their race.

Graduates

In 2017, 258 fewer women than men received degrees from Princeton University. The majority of degree recipients at Princeton University are white (964 degrees awarded). There were 2.79 times more white graduates than the next closest race/ethnicity group, asian (345 degrees).

The most common Bachelor's Degree concentration at Princeton University is Econometrics & Quantitative Economics (129 degrees awarded), followed by General Computer Engineering (129 degrees) and General Public Policy Analysis (107 degrees).

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 Philosophy and Religious Studies (76 degrees awarded), Physical Sciences (233 degrees), and History (123 degrees).

Workforce

Common Jobs by Major

Other managers

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 Other managers (405,621 people), Software developers (378,789 people), Miscellaneous engineers, including nuclear engineers (320,822 people), Civil engineers (233,235 people), and Postsecondary teachers (221,863 people).

The most specialized majors at Princeton University are Philosophy and Religious Studies (76 degrees awarded), Physical Sciences (233 degrees), History (123 degrees), Engineering (565 degrees), and Language & Linguistics (100 degrees).

Highest Paying Jobs by Major

Surgeons

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 Surgeons, Dentists, Securities, commodities, & financial services sales agents, Physicians, and Derrick, rotary drill, & service unit operators, & roustabouts, oil, gas, & mining

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 (469,375 people), Architectural, engineering & related services (427,228 people), Colleges, universities & professional schools, including junior colleges (425,493 people), Elementary & secondary schools (336,528 people), and Construction (275,837 people).

Degrees

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

Econometrics & Quantitative Economics
129 degree-majorss awarded
General Computer Engineering
129 degree-majorss awarded
General Public Policy Analysis
107 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Princeton University was Econometrics & Quantitative Economics with 129 degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

1,263
1,005

In 2017, 1,263 degrees were awarded to men at Princeton University, which is 1.26 times more than the number of degrees awarded to females (1,005).

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

Most Common Male Majors

In 2017, 122 degrees were awarded to men at Princeton University in Econometrics & Quantitative Economics, which is 2.26 times more than the 54 female recipients with that same degree.

Most Common Female Majors

In 2017, 117 degrees were awarded to women at Princeton University in General Public Policy Analysis, which is 1.26 times more than the 93 male recipients with that same degree.

Time to Complete

90%

100% Completion Time

97%

150% Completion Time

In 2017, 90% of students graduating from Princeton University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 97% completed their degrees within 150% of the normal time, and 97% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Princeton University is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (68.1%).

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, 1.98% of graduates (25 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
964 degrees awarded
Asian
345 degrees awarded
Hispanic or Latino
158 degrees awarded

The most common race/ethnicity at Princeton University is white (964 degrees awarded). There were 2.79 times more white recipients than the next closest race/ethnicity group, asian (345 degrees).

2.43% of degree recipients (55 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Male
540 degrees awarded
White Female
424 degrees awarded
Asian Female
181 degrees awarded

The most common race/ethnicity and gender grouping at Princeton University is white male (540 degrees awarded). There were 1.27 times more white male recipients than the next closest race/ethnicity group, white female (424 degrees).

Operations

Princeton University has an endowment valued at nearly $23.4B, as of the end of the 2017 fiscal year. The return on its endowment was of $2.64B (11.3%), compared to the 5.91% average return ($16.9M on $287M) across all Doctoral Universities.

In 2017, Princeton University had a total salary expenditure of $1.62B. Princeton University employs 486 Professors, 195 Assistant professors, and 168 Lecturers. Most academics at Princeton University are Male Professors (368), Female Professors(118), and Male Assistant professors (118).

The most common positions for non-instructional staff at Princeton University are: Computer, Engineering, and Science, with 1292 employees, Office and Administrative Support, with 902 employees, and Service with 691 employees.

Finances

Endowment

$23.4B

2017 Endowment

7.6%

growth from 2016

Princeton University has an endowment valued at about $23.4B, as of the end of the 2017 fiscal year. The endowment of Princeton University grew 7.6% from the previous year. The value of their endowment was $23.1B 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.

Government Grants and Contracts

Grants & Contracts

$182M - Federal
$1.17M - State
$0 - Local

As of 2017, Princeton University received $182M in grants and contracts from the federal government, $1.17M from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$629M

2017 Salaries

5.18%

growth from 2016

In 2017, Princeton University paid a median of $629M in salaries, which represents 38.9% of their overall expenditure ($1.62B) and a 5.18% growth from the previous year. This is compared to a 4% decline from 2015 and a 3.4% growth from 2014.

The median for similar Doctoral Universities is 215M (42.7% of overall expenditures).

Instructional Salaries

$169M

Instructional Salaries

966

Number of Employees

In 2017, Princeton University paid a total of $169M to 966 employees working as instructors, which represents 26.9% of all salaries paid.

This is compared to a median of $146M (22.5%) for similar Doctoral Universities: Highest Research Activity.

Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

486 Employees

Computer, Engineering, and Science

Most Common Non-Instructional Employee

1292 Employees

In 2017, the most common positions for instructional staff at Princeton University were Professor with 486 employees; Assistant professor with 195 employees; and Assistant professor with 168 employees.

In 2017, the most common positions for non-instructional staff at Princeton University were Computer, Engineering, and Science with 1,292 employees; Office and Administrative Support with 902 employees; and Service with 691 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Professor
Female Professor
Male Assistant professor

In 2017, the most common demographic for instructional staff at Princeton University was Male Professor with 368 employees, Female Professor with 118 employees, and Male Assistant professor with 118 employees.

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

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