<p>You're right.. thanks for the correction. Parent contribution, not family contribution.</p>
<p>apparently according to the estimator princeton costs $45,520 a year but then it tells me expected family contribution is $57,880 - $58,880. idk what that means.<br>
and it also tells me that
Even though your estimated family resources are sufficient to pay a year's expenses, you can still receive the following aid:
Princeton Student Loan $5500
Campus Job $2620</p>
<p>whats a princeton student loan? i thought they didnt give loans only grants
kinda confusing</p>
<p>I finally got it to work right. If I got accepted, I would have to put $2000 and they would give me $42,000.</p>
<p>Generosity doesn't matter if your parents can't pay their EFC. This is really basic, you'll be taken care of beyond that number, but no school will take less than your EFC!</p>
<p>It depends... one student in my 09 Yahoo group was accepted at Princeton with some financial aid but was also eligible for a full ride at her state school's honors program. She told Princeton that she was going to decline their offer because of inability to pay, and they increased her aid award.</p>
<p>in the princeton review's new rankings (available online at 7 tonight), princeton ranks #1 for satisfaction with fin aid.</p>
<p>An exactly equal percentage of Harvard students receive aid as Princeton students, covering a higher fraction of the cost, with a higher net amount per recipient, and yet Harvard does not even rank in the top 20 for satisfaction with financial aid!</p>
<p>Must be more of that famed Harvard dissatisfaction - its never good enough for them! (Either that or the PR questionaires were handed out on a gloomy + rainy weekend in Cambridge!)</p>
<p>I would never trust PR rankings - they seem so shady</p>
<p>Byerly,</p>
<p>Your previous post is misguiding. Although just as many students receive aid at Harvard as at Princeton (50%), Princeton does not give out loans (only grants). Thus, Princeton students actually receive better financial aid packages, as they gradute with less debt. </p>
<p>According to the US News rankings of National Universities where students graduate with the least debt, Princeton ranks #1, while Harvard ranks #6. </p>
<p>The average amount of debt upon graduation for a Princeton student is only $4,030 and only 15% of students graduate with debt. At Harvard on the other hand, the average debt upon graduation is more than double that of Princeton's at $9,640 and approximately 45% of students graduate with debt (three times as many as Princeton). </p>
<p>All of this information can be found in the new US News college rankings magazine. I'm not sure if it is also online. </p>
<p>--David--</p>
<p>You are talking about apples and oranges. Look at the USNews "best values" list. The size of "grants" has nothing to do with loans. Part of the loan differential is that Harvard (but not Princeton) allows students to sbstitute a loan for the work requirement otherwise applicable at both schools.</p>
<p>Furthermore, Princeton's "averages" are distorted by the fact that it simply admits fewer poor people. It has a lower % of students eligible for Pell grants than any major school in the country.</p>
<p>"When it comes to social mobility, for instance, Harvard has about the lowest percentage of Pell Grant recipients in its student body of any school in the country."</p>
<p>also, i'm siding (preliminarily) with mightychip in your little mini-debate here. harvard and princeton students may receive financial aid at comparable rates and in comparable amounts, but if harvard students have to pay back their aid and princeton students don't (generalizing), that certainly distinguishes the two in princeton's favor.</p>
<p>"About the lowest" percentage of Pell grant recipients perhaps, but 50% more of them than Princeton - which is the absolute lowest ... and no "about" about it!!!</p>
<p>Fscottie, that Washington Monthly "study" is just a sack of horse manure. </p>
<p>It has the dubious distinction to follow a flawed methodology, use questionable data, and reach preposterous conclusions for a perfect trifecta in intellectual dishonesty. The study does not contain a single line worth reading, not to mention worth quoting in an intelligent debate.</p>
<p>Actually, Byerly, you can make one of two points: Princeton either takes very few poor students or Harvard students get equally good financial aid but not both. The most likely reason why Harvard students are less satisfied with aid is because they are poorer and therefore need more, but recieve the same as their richer Princeton counterparts.</p>
<p>any thoughts on part two of my post, byerly?</p>
<p>say whatever you want, the rankings say are in Princeton's favor. </p>
<p>Princeton Review: Princeton #1 most satisfied with their financial aid.
US News: Princeton #1 for Students graduating with least debt.</p>
<p>lol who cares? princeton has a lower percentage of students and a lower average debt for students than ur wonderful school harvard =P</p>
<p>In any event, the overwhelming majority of common admits choose Harvard over Princeton, and always have - rich or poor.</p>
<p>Nice...I would get 27-28k grant and I can make 2k by working! My parents would only have to pay 12k. That's still a lot, but my father would take it if I can go to Princeton. I loathe the idea of debt. Princeton just overtook Harvard on my list (they're both excellent schools, and Harvard's too urban for me anyway)</p>
<p>very nice... =)</p>
<p>HYP are all the same.</p>
<p>P webiste says there's no student loan requirement but in reality,you have to work (summer + in school) for 5K/year .</p>
<p>H & Y basically are doing the same with the self-help thingies; </p>
<p>H : about 5K student contribution/year ( u can work for it and/or take out loans if u wish)</p>
<p>Y: about same as H.</p>
<p>They are basically the same, and but very very generous !!!</p>