You Can Afford Penn
The University of Pennsylvania is committed to working with families to make a Penn education affordable for all students.
The cost of an undergraduate education today is a major investment for most families. While the costs of an exceptional education are well reported, the substantial financial aid often available is less well known. For example, the average financial aid award for incoming aided freshmen in 2011 is $38,584 (combination of grants and work study). For more detailed numbers, please visit A Look at the Facts.
As part of that commitment, students who qualify for need-based aid have no loans included as part of their financial aid package. This policy extends to all families who qualify for need-based aid. As a result, students from these families are able to graduate debt-free. Penn is steadfast in its commitment to make an extraordinary education both affordable and accessible; these tenets will continue to guide our efforts for this and many years to come.
In the video, "There's Nothing Stopping Our Students," four Penn students talk about the excitement of getting in to Penn and the financial support that made it possible for them to attend.
– Ben Franklin
For complete information on Penn's financial aid policy and programs, as well as long-term payment options, please visit Student Financial Services. They also provide a Financial Aid Checklist of all required forms and applications, with their deadlines.
Penn's Net Price Calculator
Penn's Net Price Calculator will help you estimate your 'net price' (i.e. total cost less grants) to attend Penn, based on your family's financial situation. Penn's net price calculator is intended for use by prospective undergraduate students and their families who are U.S. citizens or permanent residents and plan to be enrolled full time. International students can read more about Penn's financial aid policies here.
