Direct and indirect labor are costing terms used in budgeting, planning, and financial reporting. Direct labor costs are so named because they are associated directly with the production of specific units of finished goods.
Tuition for Princeton University is $41,820 for the 2014/2015 academic year. This is 66% more expensive than the national average private non-profit four year college tuition of $25,224.
Grant and scholarship aid was given to 60% of freshman students. The average amount awarded was $33,894. When subtracted from the total cost to attend Princeton and live on campus, the average annual net price for these students was $21,938.