Based on the answers you provided on the Family Information Worksheet, we can give the following preliminary information about your financial aid eligibility at Princeton:
I. Princeton's Estimated Costs for 2014-2015
Tuition $41,820 Room 7,570 Board 6,050 Books and Personal Expenses 3,525 Travel 1,100 ------- Total Estimated Student Budget $60,065
II. Your Estimated Family Contribution
Parents' Contribution $6,100 Student's Expected Summer Savings 1,600 Student's Asset Contribution 30 ----- Total Estimated Family Contribution $7,730
III. Your Estimated Aid Package is $52,335
Grant Funds $49,435 Student Loans 0 Campus Job 2,900 ------ Total Estimated Aid $52,335
$50K is a lot more than I would have hoped for given we are middle class.
So much for us idiots that went to mediocre colleges, worked our asses off, made big money and saved it for our kids college educations. This country is just [lacrosse] backwards. There is no reason you should be handed that kind of money, go work! What an absolute disgrace, welfare for education... Disgusting.
That money comes from the endowment. Princeton has one of the biggest in the country. The alumni give back to the school. What is disgusting is that most schools raise tuition every year because they offer more money in federally subsidized loans as part of their financial aid package. If the kid defaults, the loans are backed by the federal government. The school already got paid for the tuition. Now the taxpayer has to pay for it. Just add it to the federal debt. Ok back to lacrosse. [/quote
That endowment is allowed to grow tax free, hence the rest of us are helping to fund the schools "good deeds". They also pay zero taxes on every nickel they take in. Make no mistake, it is at the tax payers expense. As well as at the expense of families who are hard working and financially responsible. They just happen to be one in the same.