PHILADELPHIA -- The University of Pennsylvania has reported a 17 percent increase in applications for admission to the class of 2015, according to Eric J. Furda, dean of admissions.  More than 31,600 applications were received, an increase from nearly 27,000 last year.  

“We believe that one of the primary reasons for this significant increase is Penn’s no-loan financial aid policies, which enable students who qualify for aid to graduate free of debt,” Furda said.  Furda noted that applications from residents of the Southeast and parts of the Midwest increased more than 20 percent.  California continues to be the top state for applicants, with a 15% increase in applicants this cycle.

In addition, Penn has selected the second class of Posse Scholars from Miami/Dade County, Fla., Penn has also selected the third class of QuestBridge National College Match Scholars to the University, matching with 17 high-ability students from low socio-economic backgrounds. 

Penn will release decisions on March 30, along with the other Ivy League institutions.