In its sixth and final season under head coach Fritz Crisler, the team compiled a 4–4 record and was outscored by a total of 126 to 96.
[1][2] The team played its home games at Palmer Stadium in Princeton, New Jersey.
[2] Halfback Jack H. White received the John Prentiss Poe Cup, the team's highest award.
[3] No Princeton players were selected by the Associated Press to the 1937 All-Eastern college football team.
[4] On February 9, 1938, Crisler announced his resignation at Princeton in order to assume the head coaching position at the University of Michigan.