<p>My child will be applying to Ivy League schools next year and should be accepted at most He has the grades, the scores, and the "other" credentials that these schools seek. In addition, he is African American is ranked #1 in the world for his sport and has set numerous state and school records. My wife and I currently make around 250,000, but such income level was only attained 5 months ago. For the prior 7 years, there were bouts of unemployment where we had to empty all our savings accounts, deplete our retirement accounts and even declare bankruptcy. What is the likelihood of financial assistance from UPenn?</p>
<p>Penn will probably give you financial assistance but it might not be a large sum.</p>