by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Uncover the various financial aid options provided by UPenn and determine which ones you may be eligible for by continuing your exploration.
University of Pennsylvania average financial aid offer for freshmen students is $54,019.00. About 57% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Pennsylvania.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by University of Pennsylvania.
47% of first-year students (1104 total) were offered scholarships at University of Pennsylvania, averaging $51,169.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 15% of first-year students (350 total) got federal grant aid, averaging $8,327.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 2.95% | $77,606.00 |
| Income 30k-48k | 5.13% | $76,248.00 |
| Income 48k-75k | 5.85% | $66,166.00 |
| Income 75k-110k | 4.78% | $57,229.00 |
| Income 110k + | 13.71% | $34,739.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 2341 undergraduate students at University of Pennsylvania around 57% (1106 total) receive some form of grant aid. The typical amount awarded was $54,019.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.