<p>Demonstrated need = roughly cost of attending Princeton - family contribution calculation (based on income + assets/savings) - student contribution (outside scholarships + summer work). All demonstrated need based on this calculation is offered in the form of grants. </p>
<p>Since the family contribution amount is Princeton’s calculation (not necessarily the family’s) there can be a large discrepancy between what the family feels they are willing/able to afford and what Princeton says they should contribute. Part of Princeton’s contribution is an offer of on campus employment during the academic year where students work several hours a week to help offset costs. If a student feels they cannot work throughout the year they may apply for a loan that is interest free until after graduation. </p>
<p>Princeton also offers the option to parents to apply for low interest loans for up to the full amount of the family contribution that are paid over a longer period of time (up to 14 years).</p>