Paying for a Penn Education
Financial Aid Policies

The cost of an undergraduate education today is a major investment for most families.  Our goal is to make a Penn education affordable to students from all family income levels. To this end, Penn employs these policies for U.S. citizens and permanent residents:

  • Need-Blind Admission
    Admissions decisions are not affected by a student's ability to pay, or by applying for financial aid.

  • Penn Meets Full Need
    Like other Ivy League universities, Penn does not offer aid based on academic or athletic merit. Aid is based solely on financial need, and Penn is committed to meeting 100% of a student’s determined need.

  • Grant-Based
    Penn is the nation’s largest university with a program that provides all dependent undergraduates eligible for aid with a financial aid award, up to Financial Need, that includes grants and a Federal Work-Study job. There are no loans included in a student’s financial aid award.  Eligible dependent undergraduate students at Penn receive these all-grant aid packages.

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Student Registration and Financial Services reserves the right to amend,
modify, or rescind any policy and to create new policies at its sole discretion.
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