11/15
Amanda Mott
Director of News and Media
ammott@upenn.edu
Financial Aid
Singing the praises of progress for first-generation, low-income students
Singing the praises of progress for first-generation, low-income students
Kerry O’Neil knew that the University of Pennsylvania was the right place for her, despite its location 3,300 miles from her home in Glasgow, Scotland.
Regular-decision results for Class of 2022
Penn's Class of 2022 admissions roster for regular-decision applicants has been released, detailing the freshman class selection out of over 44,000 applicants.
Trustees approve 2018-19 tuition and financial aid budget
The University of Pennsylvania Board of Trustees approved a record $237 million financial aid budget, an increase of 5.25 percent and the largest financial aid budget in Penn’s history.
Increasing access for first-generation, low-income students
When Amy Gutmann was appointed president of the University of Pennsylvania in 2004, only one in 20 students at Penn identified as 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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