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Need Based. No merit aid.
If you are planning to apply to a school, you need to do some basic research. Do not rely on others.
Dude this is something you can find with 2 seconds of searching, seriously you should be independent enough to look something like this up. that being said need based only.
International students may feel overwhelmed by the enormity of learning the entire American college system, and may not know where there are resources available for research.
Don’t be jerks.
Obviously, you can’t expect someone from outside the system to understand the intricacies of the US education system, and help would be needed in understanding them. However, a question like this one, a simple question about need based or merit based, should be googled. In the time it took to log into cc, find the Penn forum, type in the question, and submit it, a quick google search of “Penn financial aid merit-based need-based” would have bought up http://www.admissions.upenn.edu/costs-financial-aid/financial-aid-at-penn as the first result, where it is clearly stated that all financial aid at Penn is need based only. Using google for simple questions isn’t overwhelming considering that it does all the work for you, and people should be self-reliant enough to look up simple questions like this one.