Princeton University Facts

Princeton University was founded in 1746 in Elizabeth, New Jersey, as the College of New Jersey, the university moved to Newark in 1747, then to Princeton in 1756 and was renamed Princeton University in 1896. Princeton is one of the eight universities of the Ivy League, and one of the nine Colonial Colleges founded before the American Revolution. Princeton provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences and engineering.

Princeton does not have schools of medicine, law, divinity, or business, but it does offer professional degrees through the Woodrow Wilson School of Public and International Affairs, the Princeton University School of Engineering and Applied Science and the School of Architecture.

The present-day College of New Jersey in nearby Ewing Township, New Jersey, is an unrelated institution. Princeton was the fourth chartered institution of higher education in the American colonies. Princeton had close ties to the Presbyterian Church, but has never been affiliated with any denomination and today imposes no religious requirements on its students.

Financial Aid Without Loans
Princeton has a long history of providing access through financial aid for qualified students. For more than three decades, we’ve considered students for admission to Princeton without concern over their families’ ability to pay — and offered aid to cover 100 percent of each admitted student’s need.

In 2001, Princeton became the first university to offer every aid recipient a financial aid package that replaces loans with grant aid (scholarships) that students do not pay back. Since then, Princeton has been able to enroll growing numbers of students from low- and middle-income backgrounds with the grant aid they need to make our costs affordable. The change on campus becomes more noticeable each year as we welcome an increasingly diverse student body.

The university has ties with the Institute for Advanced Study, Princeton Theological Seminary, and the Westminster Choir College of Rider University. Princeton has been associated with 35 Nobel Laureates, 17 National Medal of Science winners, and three National Humanities Medal winners. On a per-student basis, Princeton has the largest university endowment in the world.

Princeton University is a vibrant community of scholarship and learning that stands in the nation’s service and in the service of all nations. Chartered in 1746, Princeton is the fourth-oldest college in the United States. Princeton is an independent, coeducational, nondenominational institution that provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences and engineering.

As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.

Today, more than 1,100 faculty members instruct approximately 5,000 undergraduate students and 2,500 graduate students. The University’s generous financial aid program ensures that talented students from all economic backgrounds can afford a Princeton education.

Princeton’s financial aid packages include the following kinds of aid.

Grant funds: Need-based grants (which are the same as scholarships or “gift aid”) are awarded to students from a variety of sources, including University endowments, annual gifts and federal and state programs.

Campus employment: Students are offered part-time campus jobs as part of the financial aid award.

External scholarships: Students may receive funding from sources outside Princeton, such as the National Merit or local community scholarships. Students apply for these awards separately from their Princeton financial aid application. Outside awards are used first to reduce the student earnings portion of the aid package — the campus job and summer savings expectations. Funds left over can be put toward the cost of a personal computer, and any remaining awards will be applied to Princeton grants. more on Princeton

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