11/15
Amanda Mott
Director of News and Media
ammott@upenn.edu
Financial Aid
Summer Funding Program expands to support middle-income students
Summer Funding Program expands to support middle-income students
Student Registration & Financial Services (SRFS), in partnership with Career Services, will expand their Summer Funding Program this year with an additional $500,000 to support 125-150 middle-income students pursuing summer research and internship opportunities.
This year’s scholarship celebration highlights the ‘opportunity of a lifetime’
This year’s scholarship celebration highlights the ‘opportunity of a lifetime’
Penn and President Gutmann hosted a celebration of the University’s scholarship program online this year, recognizing the significant impact generous donors have had on undergraduate students.
Fall planning with the director of Student Registration and Financial Services
Fall planning with the director of Student Registration and Financial Services
Matthew Sessa talks about what students receiving financial aid can expect during this unprecedented time.
Advice—and compassion—for students navigating new financial territory
Advice—and compassion—for students navigating new financial territory
Financial Wellness at Penn has developed personal finance tips for students to help them stay on top of financial matters and asked Penn staff members what they wish they had known about finances.
New Summer Savings Grant provides aid to replace lost summer earnings
New Summer Savings Grant provides aid to replace lost summer earnings
Penn will provide undergraduate financial aid recipients with grants in 2020-21 to replace standard summer savings expectations, mitigating lost job opportunities due to COVID-19.
Class of 2024 Regular Decision admissions results
Class of 2024 Regular Decision admissions results
The University of Pennsylvania has announced admission decisions for Regular Decision applicants to the Class of 2024, the institution’s 268th class.
Extraordinary measures: Penn services step up to support students with critical needs leaving campus
Extraordinary measures: Penn services step up to support students with critical needs leaving campus
Staff in Residential Services, Student Registration and Financial Services, Student Intervention Services, Penn First Plus, Penn Global, and College Houses and Academic Services gathered to support students leaving campus and respond to Penn’s most vulnerable populations.
Penn Trustees approve 2020-21 tuition; financial aid budget expands support for middle-income families
Penn Trustees approve 2020-21 tuition; financial aid budget expands support for middle-income families
At its meeting today, the University of Pennsylvania Board of Trustees approved a 3.9% increase in tuition for the coming year, while also approving a record $256 million undergraduate financial aid budget, the largest financial aid budget in Penn’s history.
Lyndsi Burcham wants students to be financially literate
Lyndsi Burcham wants students to be financially literate
In her role in the Office of Student Financial Services, the recent graduate spearheads a new financial-literacy program that will offer workshops, financial-wellness grants for campus partners and student groups, and monthly lunch-and-learn sessions.
University of Pennsylvania announces $10M gift from alumni Mindy and Jon Gray to support first generation students from NYC
University of Pennsylvania announces $10M gift from alumni Mindy and Jon Gray to support first generation students from NYC
The gift from 1992 Penn graduates, Mindy and Jon Gray, supports undergraduate financial aid for students from New York City, and the Penn First Plus program for students who are low income and/or the first in their families to attend college.
Media Contact
In the News
Philadelphia Inquirer
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.
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Bloomberg
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.
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Times Higher Education
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.
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Marketplace (NPR)
Biden administration tries again to relieve student debt
Cary Coglianese of Penn Carey Law says that federal judges could still strike down President Biden’s new student loan forgiveness plan on grounds that the White House is acting outside its authority.
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Business Insider
A boomer with $50,000 in student loans voted for Trump in the last election. But with Biden’s new repayment plan blocked, she’s considering supporting a Democratic ticket
An estimate from the Wharton School found that the SAVE plan for student loan repayment could cost $475 billion over 10 years.
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Economic Times
Brands like Burger King and Coke use scholarships to capture Gen Z’s attention
Cait Lamberton of the Wharton School says that consumers increasingly expect corporations to pick up pieces of the student debt crisis where other social services are failing.
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