If you’re an undergraduate student at Princeton University, you may be happy to hear that tuition for the 2007-08 year will hold steady at $33,000, or only $3,000 more than a seminar with the Maui Millionaires.
Don’t get too excited, tiger. While tuition isn’t increasing, the costs for room and board will be substantially higher. Total cost to attend Princeton on campus next year will be $43,980.
Princeton was able to keep tuition costs at bay thanks to donations and strong performance in their endowment, now totalling $13 billion. At a safe withdrawal rate of 4%, that’s $520,000,000 each year that the University could withdraw and use for scholarships or programs.
According to Wikipedia, Princeton University has the fewest students graduating with debt. That’s an interesting statistic, but it’s provided without a source.