Hows the financial Aid?

Colleges and Universities A-Z University of Pennsylvania
1

<p>How was the financial aid package penn offered you? I know its supposed to cover 100% of your demonstrated need, but how much do they expect you to contribute?</p>

2

<p>My aid package was better than I expected. I mean, we’ll have to make sacrifices and it’s a pretty large amount but it’s worth it. I don’t really have anything to compare to, but generally speaking as far as the Ivies go, FA wise it seems to be</p>

<p>HYP
Dartmouth
Penn
Columbia
Brown</p>

<p>I don’t really know about Cornell. Dartmouth went need-blind for internationals, Penn removed loans from their aid awards last year, loans still make up a decent portion of Columbia aid packages from what I’ve heard, and I just hear bad things about Brown FA.</p>

<p>It all depends on your income though. If you’re lower income or rich it doesn’t really matter…</p>

3

<p>Sorry to take over the thread but this is pretty much the same question
How much would a family making 90k a year expect? 120k? 150k?
I want to apply ed but don’t wanna screw my family over.</p>

4

<p>Maybe these will help:</p>

<p>[A</a> Look at the Facts, Comparing Penn’s Cost](<a href=“http://www.sfs.upenn.edu/paying/paying-pro-look-at-the-facts.htm]A”>http://www.sfs.upenn.edu/paying/paying-pro-look-at-the-facts.htm)</p>

<p><a href=“http://www.sfs.upenn.edu/paying/paying-pro-case-studies.htm[/url]”>http://www.sfs.upenn.edu/paying/paying-pro-case-studies.htm&lt;/a&gt;&lt;/p&gt;

5

<p>Well for middle upper income (…200k?) the finaid sucks–as in we got none. And while 200k sounds like a lot (well, half gets taken by tax), apparently my family has to take out quite a few loans which I’m going to get when I graduate.</p>

6

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<p>There are a lot of factors to consider. My family has a pretty high income but our taxes are really high (live in Canada) and our savings are low because of pension contributions. My aid award is way higher than what the financial aid site suggests.</p>

7

<p>You’re international and got really good finaid? Apparently we just got shafted…oh well, yay for loans.</p>

8

<p>from a recent memo they sent us:</p>

<p>HONORING OUR COMMITMENTS IN CHALLENGING TIMES </p>

<p>Sound financial management strategies have enabled us to sustain key priorities in student financial aid, teaching, and research. Our commitment to increasing access to a Penn education for all qualified students, regardless of their economic circumstances, continues unabated. To that end, we have increased our financial aid budget this year by $18.7 million, or 16.4 percent. This increase comes on top of the 43 percent increase in our financial aid budget since 2004. </p>

<p>This September, for the first time in Penn’s history, all undergraduates who are eligible for financial aid will receive grants rather than loans in their aid packages. Students from typical families with income less than $40,000 will pay no tuition, fees, room or board. Students from typical families with incomes less than $90,000 will pay no tuition and fees. Ten percent of the students in Penn’s incoming class of 2013 are the first in their families to attend college.</p>

<p>on a personal note, my penn fa was exactly the same as my yale fa. they use a formula</p>

9

<p>Thanks everyone</p>