The sticker price at Penn is $83,298. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of tuition can vary from year to year and you can expect the cost of tuition to rise over your four years in college. With that said, your financial aid will also be recalculated each year which will take into account any tuition increases.
University of Pennsylvania Questbridge Scholarships
Penn is a member of Questbridge, which is a prestigious scholarship program that supports high-achieving students from low-income backgrounds. Students who are “matched” to University of Pennsylvania through Questbridge receive a four year, full ride scholarship to the school. If you are interested in learning more about Questbridge, you can check out our Questbridge Scholarship guide.
University of Pennsylvania’s 100% Need-Met Guarantee
Penn has committed to meeting 100% of applicants’ financial needs. They determine your financial need using the FAFSA and/or CSS Profile, and will ensure that your financial aid package covers any costs you cannot pay.
University of Pennsylvania Financial Aid
Students who are applying for financial aid at Penn need to submit both the Free Application for Federal Student Aid (or FAFSA), as well as the CSS Profile.
The FAFSA opens up on October 1st, and students should apply as soon as they can! The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for Penn is 003378 and the CSS Profile Code is 2933.
It should be noted that while the FAFSA is free, the CSS Profile does require an application fee. However, students can qualify for a CSS Profile application fee waiver if the cost will present a financial hardship for the students’ family.
If you are looking for more information on how to complete the FAFSA or the CSS Profile, check out these resources:
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Pell Grants at University of Pennsylvania
17% of students at University of Pennsylvania receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to University of Pennsylvania.
You can learn more about Pell Grant eligibility here.
Penn students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources: