Penn's new plan

Chance Me / Match Me!
1

<p>According to the University of Pennsylvania:</p>

<p>"As part of that commitment, students from families with annual incomes of less than $100,000 who qualified for need-based aid will not have loans included as part of their financial aid package beginning in Fall 2008. In Fall 2009 this policy will extend to all families who qualify for need-based aid. As a result, students from these families will be able to graduate debt-free. Penn is steadfast in its commitment to make an extraordinary education both affordable and accessible; these tenets will continue to guide our efforts for this and many years to come."</p>

<p>If I do apply I will most definitley need finacial aid, will this make it harder for me to get in? Especially considering that my stats are not extraordinary either. I would be entering in the fall of 2010 and applying ED. Because of this, will all finacial aid be offered in scholarships, grants, and jobs?</p>

2

<p>Depends on your family's expected contribution. If it's 0, then yes, all FD will be offered in scholarships/grants, or work-study. If it's not 0, you won't have any loans, but your family will have to pay some money.</p>

<p>At least that's my superficial understanding of the policy.</p>