Undergraduate tuition, fees, room and board at Princeton University will rise 3.8 percent for the 2013-2014 academic year.

Tuition will increase 3.9 percent to $40,170, the Ivy League school in Princeton, New Jersey, said Monday in a statement on its website. Room costs will go up 3.9 percent to $7,220 and board will increase 3.2 percent to $5,860.