Princeton University has offered undergraduate admissions to a record low of 1,931 students, or 7.29 percent out of a total 26,498 applications for the class of 2017.
The university has also offered admission to 697 students, December, who applied through single-choice early action.
"We have admitted students who have distinguished themselves with outstanding academic accomplishments and impressive experiences outside the classroom," dean of admission Janet Lavin Rapelye, said.
Students, who received their admission letters, have time till May 1 to accept Princeton's offer.
The university has also kept 1,395 on the waiting list as students might think twice before accepting the offer due to their high tuition rates.
If selected, they will be offered admission in either May of June.
Earlier this year, the university's trustees proposed a 3.9 percent tuition hike. Therefore, the undergraduates living on campus would be expected to pay $40,170 in tuition and $13,080 for board and a full meal plan.
Due to a 3.9 percent hike, the tuition for the first time crossed the $40,000 mark.
In order to compensate for the increasing tuition rates, the university offers a financial aid program to help prospective students attend Princeton.
The university expects its 2017 class to comprise of 1,290 students.
The college officials say that they received the highest number of applications this year.
The university said that out of the application received, 10,629 applicants had a 4.0 grade point average and 13,802 scored 2100 or higher on the three sections of the SAT.
Among the selected applicants, 50.2 percent are men and 49.8 percent are women; 61 percent come from public schools, , 23.4 percent wish to study engineering and 47.5 percent of them represent women, and 13.9 percent will be the first member of their families to attend college.
Students, who gained admissions, come from 47 states, including Washington, D.C., Puerto Rico, with the largest population from California, followed by New Jersey, New York, Maryland, Pennsylvania and Texas.
International students constitute 11.4 percent of the admitted students and belong to 62 countries, such as Brazil, Canada, China, Egypt, India, Israel, Korea, Mexico, New Zealand, Norway, Tanzania, Vietnam and the United Kingdom.