There are important facts to know about financial aid at Penn, but let’s start with these two:
- Penn is committed to ensuring that all students, regardless of their financial background, are able to attend Penn if admitted. Penn is a need-blind institution for students that are citizens or permanent residents of the United States, Canada, and Mexico. Our need-blind policy means that your ability to pay is not considered in your admission decision.
- Penn’s financial aid packages are awarded on the basis of financial need, not merit. If admitted, Penn will meet your family’s demonstrated need for four years or eight semesters.
We are committed to making this practical, powerful, and flexible education available to the most talented and hardworking students, regardless of their financial circumstances, which is why Penn dedicated $224 million dollars to undergraduate financial aid for the 2017-2018 academic year.