The University’s need-blind admissions
policy ensures that no U.S. citizen or permanent resident
is denied admission because he or she requires financial
assistance. Penn will meet 100% of a student’s
demonstrated financial need.
Who is eligible?
There is no arbitrary income cut-off
for financial aid eligibility. Because each family
situation is different and financial aid eligibility
is determined by many factors, we encourage you to
apply if you are concerned about your ability to
pay.
How is financial need determined?
Financial aid at
Penn is awarded on the basis of financial need as
determined by Student Financial Services. Financial
need is the difference between Penn’s Educational
Expense Budget and the amount your family is expected
to contribute:
Financial need is determined based on information
provided on financial aid applications and parent
and student tax returns and W-2 forms. The following
items are also considered in determining financial
need:
- family size
- student income and
assets
- parents’ income and
assets
- the
number of children enrolled in college
- extraordinary
family circumstances
Penn does not rely on the federally-calculated family
contribution. Instead, Penn reviews all aid applications
on an individual basis in order to allocate available
aid resources as equitably as possible. In many instances,
Penn expects a lower parent contribution than the
one determined by the federal formula. Financial
information from both parents, even if they are divorced
or separated, is used to determine financial need.
What is a financial aid award?
A financial aid award,
also known as a “package,” typically
includes a work-study job and grants. Penn participates
in all federal and state programs to provide you
with a comprehensive financial aid program to meet
100% of your determined need.
Penn offers loan-free
packages to all dependent students who are eligible
for financial aid, regardless of the family’s
income level.
What types of financial aid does
Penn offer?
Additional Resources
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