Financial Aid at Penn
A generous budget and inclusive aid policies make a University of Pennsylvania education accessible to talented students from the widest possible range of backgrounds. As you get to know Penn, keep the following in mind:
A Few Simple Ideas
- Penn practices need-blind admissions for citizens and permanent residents of the United States, Canada, and Mexico, which means admissions decisions are not affected by a family’s ability to pay.
- All Penn aid is need-based. Penn, like all other Ivy League institutions, does not award merit-based or athletic scholarships. Instead, all aid is devoted to helping families who need financial assistance to afford Penn.
- Penn financial aid packages include only grants, which means students are able to graduate debt-free.
- Penn commits to meeting full demonstrated need for four years and provides loan-free packages for eight academic semesters. If a family’s circumstances remain stable, financial aid remains relatively constant; if circumstances change during the year (such as a parent losing a job), a financial aid package will be adjusted.
- There is no maximum income cutoff for eligibility for University financial aid. Factors such as family size, student income and assets, parent income and assets (including home equity but not retirement accounts), the number of children in college, and extenuating family circumstances (such as illness or loss of employment) are important considerations in determining financial need.
- More helpful facts about financial aid can be found at Student Registration and Financial Services.