<p>University of Pennsylvania Will Pay Tuition and Room and Board for Families Earning Less Than $50,000
March 23, 2006</p>
<p>PHILADELPHIA -- Expanding its effort to alleviate the financial burden on low- and middle-income students and to continue attract top students with diverse economic backgrounds, the University of Pennsylvania will provide grants for undergraduate students from economically disadvantaged families with incomes of $50,000 or less, Penn President Amy Gutmann announced today.</p>
<p>This move coincides with a $6.3 million increase in the University's undergraduate financial aid budget for the coming academic year, with those funds targeted to middle- and low-income families, reaffirming Penns commitment to need-blind admissions and meeting the full need of all students...</p>
<p>What percent of their students are actually going to qualify for this? A kid with two low-income working parents is most likely going to exceed the 50K. It'll probably only help kids with single-parents.</p>
<p>And, aren't these kids getting significant aid packages with primarily grants, as it is? Seems like more of a PR stunt to me.</p>
<p>T2T........folks who leave one job or business and return to teaching make low incomes. You seem to not know what the average wages in the US really are.</p>
<p>A middle-aged teacher in parts of the midwest could make less than $45,000. I think these moves are a start (don't Princeton, Yale and Harvard have similar thresholds for complete aid?) but they don't take into account that that amount of money means very different things in different parts of the country. It's a start, though. I do wonder how big the impact is, like Columbia2002 - how much more do these pronouncements cost the schools?</p>
<p>Teaching starting out don't make 25K either.</p>
<p>Most people at Ivies are rich / upper middle class. There aren't that many poor kids. My point is that this won't impact that many students. The Ivy student body doesn't represent America.</p>
<p>my point is that with programs such as this there WILL be more kids at Ivy Colleges that are regular folks. You are applying the program to matriculating students I am applying the progam to applicants/new acceptees who might not have otherwise matriculated.</p>
<p>The point is to determine whether this is going to really improve a poor kid's aid package. A poor kid is going to get almost a free ride, under the old plan.</p>
<p>Penn until very recently had a loan as a component of the FA package offered. Some IVIES still do. Some students would have sucked up to $10,000. Health Insurance is compulsory and that alone is over $2000. So a kid who had no insurance or an HMO from another state would be compelled to cover health care.........on top of the tuition/housing etc.</p>
<p>............
[quote]
**...As a condition of enrollment, all full-time students are subject to certain requirements, including submission of health and immunization records, coverage for out-patient medical care through the Student Health Service and maintenance of health insurance coverage for in-patient and catastrophic care. Students who do not provide information about their health insurance coverage will be automatically enrolled in the Penn Student Insurance Plan. The annual cost for student health insurance for an unmarried students without dependents is $2,202. Detailed information about these requirements is available at the Student Health Service website
<p>I'm glad so many places are following suit (Stanford... Penn). It does seem like they're trying to outdo each other for PR though (Stanford going 45K over Harvard's 40K, now Penn's 50K). This makes me wish I had applied to Penn haha... almost.</p>
<p>The problem is that this WAS done for PR. I don't blame penn for attempting to convene the most "diverse" class they possibly can, but such a move can and will be detrimental to future applicants</p>