Paying for a Penn Education
The cost of an undergraduate education today is obviously 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 2008 was $32,737 (combination of grants, loans, and work study). For more detailed numbers, please visit A Look at the Facts.
The University of Pennsylvania is committed to working with families to make a Penn education affordable for all students.
– Ben Franklin
As part of that commitment, students who qualified for need-based aid will no longer have loans included as part of their financial aid package beginning in Fall 2009. This policy will extend to all families who qualify for need-based aid. As a result, students from these families will be 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. For complete information on Penn's financial aid policy and programs, as well as long-term payment options, please visit Student Financial Services.
