Current Issue

Mar.6, 2013

Vol. 113, No. 8

Campus Notebook

Princeton to raise undergraduate fees by 3.8 percent

By W. Raymond Ollwerther ’71
Published in the March6, 2013, issue

Undergraduate tuition, room, and board charges will increase 3.8 percent for 2013–14 as part of a $1.58 billion operating budget approved Jan. 26 by the University trustees.

The University said that even with the increases, Princeton’s costs will remain “at the bottom of its comparison group” — at least $1,000 less than the fees currently charged by any of the University’s peer schools.

Financial aid is projected to increase 4.6 percent to $121.4 million, with 60 percent of undergraduates expected to receive aid. The average aid package this year is $39,700.

Graduate tuition will increase 3.9 percent to $40,170, and housing rents will rise 3 to 4 percent. Grad-student stipends will increase 3 percent.

Provost Christopher Eisgruber ’83, who chairs the University’s Priorities Committee, which makes budget recommendations to the trustees, said in a Jan. 16 letter that the University is “in excellent financial health.” The budget, which calls for a 4 percent increase in spending, includes $1.2 million in additional resources for priority initiatives such as fellowship advising, Career Services, sustainability, and assistance to scholars as the University creates a new open-access database of Princeton research.

The endowment is expected to contribute $752 million to the budget, up 5.2 percent from the current year. That is 47.6 percent of the projected income.

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CURRENT ISSUE: Mar.6, 2013
Campus notebook