Financial Aid

Quaker Commitment guarantees full tuition scholarships for families earning $200K or less as Trustees approve 2025-2026 financial aid budget and charges

The University of Pennsylvania Board of Trustees has approved a 3.7% increase in tuition and a $328 million undergraduate financial aid budget for the coming academic year.

More colleges offering free tuition to middle-class families

Starting in fall 2025 at Penn, students from families earning up to $200,000 a year will pay no tuition. The University will also no longer count home equity in its calculation to determine financial aid, with remarks from Vice President Mark Dingfield of the Division of Finance.

Which colleges offer free tuition?

Starting in the next academic year, Penn will no longer consider the value of a family’s primary home among its assets.

Mariana Valdes-Fauli named associate vice president of student registration and financial services

Valdes-Fauli, who was formerly the assistant vice president of Service and Experience Excellence at the University of Miami, assumed the role at Penn on Dec. 1.

Hopping on the affordability bandwagon

Penn is expanding full-tuition scholarships and removing home equity in its calculations for institutional aid, with remarks from Elaine Varas.

Penn expands financial aid for middle income families

The initiative expands Penn’s long-standing commitment to need-based financial aid, guaranteeing no-loan financial aid packages to eligible students and families since 2008.

Penn to expand its full-tuition scholarship aid to families with a higher income threshold

Penn’s Quaker Commitment will expand full-tuition scholarships and will no longer consider the primary family home as an asset in its calculation for institutional aid. Interim President J. Larry Jameson and director of financial aid Elaine Papas Varas offer remarks.

Ivy League’s Penn shakes up aid formula by excluding home equity

To increase affordability, Penn will stop including a family’s equity in their primary home when determining a student’s financial aid eligibility.

Two students addressing a group of people outside College Hall on College Green.

Kite and Key Society celebrates a century

Students share the campus and their experiences at Penn with visitors in person and online, forming meaningful friendships and lasting connections.

FAFSA: Short-term pain on enrollments, but hope of long-term gain

Laura Perna of the Graduate School of Education says that last year’s FAFSA delays caused confusion and challenges that have had effects on this year’s enrollment intake.

Filters