| Examples of Aided Students |
| Prospective Undergraduate Students |
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Here are a few case studies of Penn aid packages received by families of varying financial situations. While these examples help provide a sense of what your family might expect, Penn cannot guarantee that every student whose family feels they resemble one of these case studies will receive a similar aid package. |
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 Nicole |
| Nicole’s father is deceased, and her mother earns a modest income to help support a family of four. Her mother’s total annual income, including social security benefits for the younger children, amounts to $37,000. The total family contribution is $1,250. |
| Penn's Cost of Attendance |
$59,600 |
| Nicole's family contribution |
$1,250 |
| Nicole's financial aid award |
$58,350 |
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 Morgan |
| Morgan lives with her parents and younger brother. Her parents’ total income is $91,000. The family has $140,000 in home equity and $13,000 in savings. Penn calculated that Morgan’s parents could contribute $12,050 to her education for the current year. Morgan is expected to contribute $2,450 from her summer earnings. The total family contribution is $14,500. |
| Penn's Penn's Cost of Attendance |
$59,600 |
| Morgan's family contribution |
$14,500 |
| Morgan's financial aid award |
$45,100 |
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 Eric |
Eric lives with his parents and younger sister. His parents’ combined income is $160,000; they own a home with $215,000 in equity and have savings of $26,000. Penn expects Eric’s parents to contribute $33,050 and Eric to contribute $2,450 from his summer earnings. The total family contribution is $35,500.
Eric’s sister is uncertain about her college plans for next year. If she attends a school with costs similar to Penn’s, and if the family’s financial situation remains the same, Penn will expect Eric to contribute $2,450 and his parents, $21,150. The total family contribution would be $23,600. |
| With One Child In College |
| Penn's Cost of Attendance |
$59,600 |
| Eric's family contribution |
$35,500 |
| Eric's financial aid award |
$24,100 |
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| With Two Children In College |
| Penn's Cost of Attendance |
$59,600 |
| Eric's family contribution |
$23,600 |
| Eric's financial aid award |
$36,000 |
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Financing and Payment Plan Options
Even though Penn's aid packages do not include loans, parents and students may still choose to borrow from programs such as the Federal Direct Loan Program to help manage their expected family contribution. These programs can help spread costs over a longer time period. See the loans section for more details.
The Penn Monthly Budget Plan allows you to budget Fall and Spring Semester expenses over a 10-month period. You decide how much to budget each year. Payments begin in May and end in February. |
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| These figures are based on the 2012-2013 cost of attendance |
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