What You Should Know
The University bills tuition and essential fees on a semester basis with half of the annual amount due at the start of the fall term and half due at the start of the spring term. These fees include room, board, residential college fee, class dues, undergraduate student government fee, and the optional student health plan.
Any financial aid provided by Princeton along with outside scholarships and loans you receive will appear as credits on your billing statement. Charges for incidental expenses incurred on campus also will be reflected on your billing statements.
Electronic Student Account Management
During the matriculation process, you will receive instructions about enrolling in TigerPay, Princeton’s electronic billing system. Once enrolled, billing correspondence and statements are issued through TigerPay. You can invite others to enroll, such as parents and guardians, and they also will receive email billing notifications.
When your electronic billing statement has been created, you will receive email notification that it is available for viewing through your TigerPay account. As tuition and expense statements are not sent by mail, it’s essential that all freshmen enroll in TigerPay to receive email billing notifications.
Semester Payment Plan
Your student account is on the semester payment plan unless your parents are paying under one of our loan programs. For the fall term, you can view your electronic billing statement the first week in August; payment is due the third week in August. For the spring term, you can view your electronic billing statement the first week in January; payment is due the third week in January.
At the first of each month, you will also receive monthly billing statements for any incidental charges or unpaid balances. Payment is due the third week of the month.
Actual payment due dates and payment remittance instructions will appear on each billing statement.
Adjustments to Your Bill
Adjustments to your bill as a result of changes to a financial aid award or room or board cancellations, for example, are available only when the actual charges or credits are applied to your student account. Until the adjustment is applied to your account, the amount owed will be the amount shown on your statement. External loans or scholarships that are not yet credited to the bill should not be considered when paying your bill.
Eating Clubs and Your University Bill
If you are a member of an eating club, you will not see a board charge on your University bill. The club will bill you directly for board and membership fees. For most juniors and seniors receiving financial aid, the additional grant awarded for eating clubs will reduce the amount owed on the University bill making it easier for you to pay your club bill. In most cases, it will not result in a credit that can be transferred to the club.
Your aid award is first applied to any fees charged to your student account. A transfer of funds from your student account to an eating club will only be possible in those cases where the University’s fees are fully satisfied by your financial award or payments, and there is a resulting credit balance reflected on your University bill.
Financial Aid provides a detailed explanation of the policy and billing examples in their publication Financial Aid Information for Eating Club Members.
Sample Undergraduate Student Bill
The sample billing statement below presents an example of the detailed credit and charge activity that you will see on your own bills. A detail of current period activity is provided along with a summary of your Previous Balance, New Charges, and Credits. The Amount Due and Due Date appear both on the billing statement and on the remittance portion which you are to return with your payment.
Payment Responsibilities: What You Should Know
Here are additional things you should know about payment responsibilities and consequences of late payments:
- Students are responsible for satisfying all student account obligations by the due date on the student bill.
- If your payment is less than the full amount billed, your account will be considered past due and will incur late payment fees of 4.875% per annum.
- Late charges will be assessed even if you elect to participate in the Monthly Payment Plan or Princeton Parent Loan after the application deadlines of these programs.
- If you have an outstanding debt to the University you may be subject to one or more of the following: (a) prohibited from course selection and/or course changes, (b) placed on a leave of absence until all financial obligations are met, (c) prohibited from enrolling or being readmitted to the University, (d) refused a transcript, and (e) denied a diploma document at graduation.
- A $25.00 fee will be assessed for any payment that is not honored by the bank. If the dishonored check was in a foreign currency, the adjustment to your account may reflect a different fee amount due to changes in the foreign exchange rates.
Failure to meet your financial obligations may place your enrollment status in jeopardy.
Funding You Receive From Outside Scholarships
If you are going to receive scholarships from entities outside Princeton University, you can receive advance credit on your student account for these anticipated awards. The full amount granted is credited for each of the fall and spring semesters.
Outside scholarship sources include Reserve Officer Training Corps (ROTC) scholarships and faculty tuition grants from colleges and universities, including the Princeton tuition grant.
To receive credit from outside sources, complete the scholarship information for non-aid student form and return it to student accounts by July 15. The University will then bill the scholarship source or sources.
You must complete a new form each academic year. If scholarship payments claimed on your form are not received from the donor, you will be responsible for paying the amount credited to your account.
Student Health Plan Billing
All full‐time enrolled students are required to be covered by the Princeton University Student Health Plan (SHP) for off‐campus medical care and hospitalization unless they can demonstrate alternative coverage that meets the University criteria. The Student Health Plan covers the period from September 1 through August 31. The yearly charge will be split between the fall and spring semesters.
If you are covered by private health insurance, you may waive enrollment and the fee only upon certification that you have coverage comparable to the SHP. Details about the SHP are available at the UHS website or by calling the Student Health Plan Office at McCosh Health Center (609) 258-3138.
The on‐campus health service located at the McCosh Health Center is included in the University’s tuition fee. All students, regardless of their medical plan, can use these services.
When You Graduate
In order to graduate, your student account charges must be paid in full and all contract loan payments must be current through the June 1 installment. If your student account is not current, you will not receive your diploma and will not have access to your transcript.
A final statement of outstanding charges will be issued on July 1 with a due date of July 15. After any open obligations to the University are paid, if you have a credit balance, you will receive a refund check.
If you have borrowed educational loan funds through the federal programs administered by the University, federal regulations require that we send you exit counseling materials regarding loan repayment. We suggest that you review and acknowledge the receipt of this important loan information that will be sent to you well in advance of graduation.
If you cannot bring your account current prior to graduation, contact student accounts to discuss your options.
If You Withdraw from the University
For complete information about withdrawing from Princeton, see Undergraduate Admission, Financial Aid and Fees.
If you withdraw, the net balance in your student account will be determined by applying all payments and available credits to the account against all outstanding amounts due. If a loan contract is in effect, the loan may be used only to the extent needed to pay charges actually due Princeton. Any unused portion of the loan will be cancelled.
If there is a balance on your student account, you will not have access to your transcript and will not be eligible for readmission until the balance is satisfied.
Requesting a Refund
To request a refund from your student account, complete the Credit Release Form. If you signed up for direct deposit though SCORE, the refund will be automatically deposited in your bank account. If not, you will receive a check.
Tax Forms Related to Student Accounts
The IRS requires that Princeton report certain information on IRS Form 1098-T regarding tuition billed, scholarships received, and grants awarded. This information can be useful in claiming education tax credits on a federal tax return. For more student tax information, see Tax Compliance.
Princeton follows the IRS reporting exemption that is allowed for students whose qualified tuition and related expenses are entirely waived or paid entirely with scholarships or grants, so not all students will receive a Form 1098-T. Foreign national students do not receive these forms.
If you receive a Form 1098-T, you will also receive an explanation of the charges reported on the 1098-T. If you have questions about a Form 1098-T you received, contact student accounts at (609) 258-6378.
Canadian Tax Forms
For Canadian tax forms, contact student accounts. This form must be completed by student accounts, so there is no need to supply a blank or completed form.
Questions? Contact Student Accounts at (609) 258-6378, fax (609) 258-2873, or email firstname.lastname@example.org.