UPenn and Debt

Colleges and Universities A-Z University of Pennsylvania
1

Hey guys!

I’m applying to a few schools, many of them small liberal arts colleges in Pennsylvania. I’m not poor, but my family doesn’t have lots of money if you know what I mean. So I was planning to apply early decision to the University of Pennsylvania because I hear that the financial aid and endowment is really good there (and at all of the ivy leagues, actually). Don’t get me wrong, this isn’t just about finance; it’s a beautiful campus, and there is a lot to offer. The financial aspect is just something I really need.

My main concern is, however, if I apply early decision, it’s binding, and if I have to go there, the financial aid might not be the same. Can anybody tell me (either through personal experience or through knowledge) what the total debt is for students AND their families? Tell me everything you know about UPenn, its finances, and its debt to students.

Thanks!

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Penn is all grant, no loan (debt). The FA for both ED and RD should be the same as Penn meets 100% your demonstrated need. You can decline the admission and get out of binding contract if you think that the FA is not enough.

http://www.sfs.upenn.edu/finaid/penn-finaid-initiative.html

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<<<
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3.75 unweighted GPA
4.1 weighted GPA
SAT 1,100 CR and MATH
SAT 1,720 CR, MATH, and WRITING
ACT Composite of 22

SAT 1810
<<<<,

Are these your stats? If so, it’s very unlikely that you’ll get into UPenn.

Last January you wrote that you’re attending Temple U this fall. What happened?