Penn Financial aid?

Colleges & Universities A-Z University of Pennsylvania
1

<p>is it true that Penn usually covers the full amount for need-based aid? </p>

<p>the school website seems to have a strong emphasis on how committed the uni is to cover everything you need. I was just offered admission (transfer student) and i'm wondering if anyone can share some stories?</p>

<p>I was also offered admissions at Columbia but I heard they are not very generous?</p>

2

<p>From my friends, it seems the opposite is true; Columbia is 6k a year for a friend in a higher income bracket, while I’m paying 20k a year for Penn. (My family makes <50K a year). </p>

<p>I’m going to appeal though~ I’ve heard some great finaid appeal success stories.</p>

3

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<p>Uh, what? You must have some significant assets if this is the case. My income bracket is higher and I’m paying much less than you are for Penn.</p>

4

<p>Yeah, I think there’s a discrepancy somewhere. My family has around $63k income, and I got $51.6k from Penn.</p>

5

<p>They will cover the student portion, minus work study, family contribution, and summer earnings contribution. As maserrano said, if your family income is $50k, it should cover just about everything.</p>

6

<p>When are we expected to get our financial aid package and how? (Mail, email)</p>

7

<p><a href=“http://www.admissionsug.upenn.edu/paying/PennFinancialAid.pdf[/url]”>http://www.admissionsug.upenn.edu/paying/PennFinancialAid.pdf&lt;/a&gt;&lt;/p&gt;

<p>Potential transfer here. Is the financial aid as good as the above page/PDF shows?</p>

<p>My family situation is similar to “Eric’s” and while I was rejected from Penn, the other schools I got into hardly gave me any aid. My parents are willing tp pay for some but in order to go to say USC, I would have had to borrow like like $20,000+ a year on top of what USC gave me in FA (which would probably include loans). </p>

<p>But according to that pamphlet, It looks like I would only have to borrow $7-10k a year, which is very doable and reasonable, especially if I am only going to be there 3 years. </p>

<p>Thanks</p>

8

<p>I guess I was the .001% who they messed up on ^^
That’s inspiring! I might not actually have to pay that much!</p>