<p>Is the Penn Trustee Scholarship guaranteed/renewable throughout undergraduate study, or is it just for one year?</p>
<p>New “trustee scholarships” for the most academically gifted students with demonstrated financial need. These Trustee Scholars will receive financial aid packages that contain no loans: The full amount of a student’s demonstrated need will be covered by grants and work-study dollars. The University estimates that as many as 50 new students may receive trustee scholarships this fall. As long as the students remain in good academic standing and their financial circumstances remain unchanged, the scholarships will continue throughout their four undergraduate years.</p>