Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$24,167
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $66,104 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $66,104 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $18,496 |
| Books and Supplies | $1,358 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
0
100
100%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
15%
Average Aid Per Year
$57,175
15%
Average Federal Grant Aid Per Year
$8,276
Average Institution Grant Aid Per Year
$54,238
4%
Average State Grant Aid Per Year
$4,191
17%
Average Federal Grant Aid Per Year
$8,276
Average Grant & Scholarship By Family Income
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$254,295,632
Total Non-Need-Based Scholarships/Grants
$3,727,701
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
10%
Average Loan Amount Per Year
$12,499
Students receiving federal loans
9%
Average Federal Loans Per Year
$5,027
Average Other Loans Per Year
$30,021
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$15,000
Loan Default Rate
1%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$174
What Students Are Saying
No one really knows until they graduate, right?
Katherine from Murrieta, CA
I know that many students feel like Ivy league schools are too expensive and that you are only paying for the name, but Penn has the resources to get students excellent jobs after college. Besides that the learning environment, faculty, and students are worth it. In the end, I think it balances out.
Christina from Elgin, IL
Penn is expensive, but students receive an unparalleled education. It is definitely worth it.
Josh from Dayville, CT
Penn is definitely an expensive school but I believe that it is worth every penny. I know I am going to have a successful future because of Penn. I have an infinite amount of opportunities here and the long run I'm going to pay it all off and live without any financial worries.
Britney from Lake Worth, FL
So being a private school tuition is pretty high BUT financial aid is readily available and from my own experience they made it possible for me to take out minimal loans as well as the many opportunities for scholarships, the office does their best to make sure that you don't need to worry much if you ask. In the end I do feel like it is worth every penny
Ami from Philadelphia, PA
I loved my time at the University of Pennsylvania, and I would not give it up for the world. It truly was a unique experience so please prospective students, take advantage of this amazing opportunity. Feel proud to be a Quaker!
Helen from New York, NY
Yes, UPenn is expensive, but with all that the school has to offer, I'd say it's worth it!
Brittany from East Elmhurst, NY
Penn is a very expense private college, but the financial aid department is great. Also, going to such an elite school, there are perks (both opportunities from staff and alumni and the name recognition when your job search begins)
Samantha from Philadelphia, PA
Unless you get substantial financial aid (which is quite possible), you'll be paying the sticker price of $57k+. Which is quite a lot of money. Penn doesn't offer any merit or athletic scholarships either, so don't count on that no matter how smart or athletic you are.
That being said, Penn students (especially Wharton) come out of school with great jobs and make the big bucks, so taking on a little debt is manageable.
That being said, Penn students (especially Wharton) come out of school with great jobs and make the big bucks, so taking on a little debt is manageable.
Matt from CA
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