<p>University of Pennsylvania Expands Financial Aid for Students From Low- and Middle-Income Families: U Penn is changing its need- based income threshold "to ease the financial burden on low- and-middle-income families and to continue to attract top students with diverse economic backgrounds". The University of Pennsylvania's expansion of its financial-aid initiative for low- and middle-income families will begin this fall - Penn will replace loans with grants for students from high-need families earning less than $60,000.</p>