What Amount of Financial Assistance is Offered?
$59,945 is the typical University of Pennsylvania's first year financial aid package. Approximately 49.0% of incoming students receive some type of financial assistance, the majority of which is in the form of scholarships and grants.
Financial aid helps lower the expense, or the "sticker" price of the institution. However, bear in mind that the only true discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be part of a financial aid package? View the average amount of debt per student at UPenn.
How Much UPenn Aid Will I Get That Won't Put Me in Debt?
The numbers following pertain to assistance which is given by University of Pennsylvania.
49.0% of incoming freshmen (1,201 total) were awarded scholarships at University of Pennsylvania, averaging $48,201 a piece. This ranks in the top 20th percentile of all colleges nationwide.
321 freshman students got federal grant aid. About 13.0% of UPenn freshmen got grants around $7,842 each recipient.
The chart directly below reveals the usual volume of scholarship and grant aid given to all first year students.
Grants are typically need-based while scholarships are merit-based.
How Family Income Affects Financial Aid
Discover what amount of scholarship and grant assistance you can expect to be given according to your earnings. The chart below displays freshman students receiving federal Title IV aid including PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 3.1% | $72,122 |
| Income 30k-48k | 4.5% | $70,470 |
| Income 48k-75k | 5.2% | $62,551 |
| Income 75k-110k | 5.6% | $54,671 |
| Income 110k + | 16.7% | $33,882 |
Education funding by the federal government by means of grants, loans, or work-study is referred to as Title IV aid. Get more info on Title IV here..
$42,401 is the Common Total an Undergrad Will Get in Grants or Scholarships
6,128 UPenn undergrads obtain grant aid (this is around 52.0% of the entire student body). The usual amount these students obtain is $42,401
Check out the Tuition and Fees page or the Cost Per Credit Hour page for more info.
University of Pennsylvania Financial Aid Links
| Financial Aid Department Website | www.sfs.upenn.edu/ |
| Net Price Calculator | https://npc.collegeboard.org/student/app/upenn |
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