A Look at the Facts

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Paying for a Penn Education

A Look at the Facts

Prospective Undergraduate Students

We urge you not to let financial concerns deter you from applying to Penn. We make every effort to help meet your financial needs, as illustrated by these facts:

For 2011–2012, Penn is committing over $149 million to need based grant aid for undergraduate students.
Approximately 81% of the freshmen who applied for financial aid for the 2011–2012 academic year received a need-based award.

Aided Freshmen by Family Income

Class of 2015 (entering September 2011)

Income

Number of Aided Students

Median Total
Awards

Percent of Applicants
Offered Aid

$0 - 39,000

165

$57,310

100%

$40,000 - 69,999

182

$51,870

97%

$70,000 - 99,999

176

$46,680

98%

$100,000-129,000

168

$37,690

90%

$130,000-159,999

145

$30,490

91%

$160,000-189,999

$28,630

44%

$190,000 and up

$18,010

29%

Many factors other than income are considered. Therefore, individual awards vary based on individual circumstances. Additionally, families with non-typical financial situations (such as business owners, owners of real estate other than their primary home, and divorced parents) are more likely to receive non-typical awards

Comparing Penn's Cost

Because Penn’s aid policies are so generous, the actual price of attending Penn could end up being no more than what your family would have to pay to send you to a public university. Note that, in the example the net price to the family is the same at both schools (and is actually lower at Penn when including the other school's student loan debt.)

Net Price Comparison Chart

Penn vs. Public University