grant being $57,251. Tuition, room, and board is free for families making up to $65,000, and financial aid is offered to families making up to $180,000. In 2001, expanding on earlier reforms, Princeton became the first university to eliminate the use of student loans in financial aid, replacing them with grants. In addition, all admissions are need-blind, and financial aid meets 100% of demonstrated financial need. The university does not use academic or athletic merit scholarships. In September 2022, Princeton announced that it would cover all costs for families earning $100,000 a year or less, with reduced costs for higher income families as well.
Kiplinger magazine in 2019 ranked Princeton as the fifth best value school in a combined list comparing private universities, private liberal arts colleges, and public colleges, noting that the average graduating debt was $9,005. For its 2021 rankings, the U.S. News & World Report ranked it second in its category for "Best Value Schools".
== Student life and culture …
