Have you run a net price calculator? They are not perfect but its a start to figure out, based on your parents income, savings etc, what your ability to pay is compared to the costs of Penn. If there is a large gap, then you know the answer. Do some research on this site about peoples shock regarding what they make vs what the FAFSA says is their annual expected family contribution (EFC). Our personal experience 3 years ago? Gross income of just over $200k and our EFC was $76,000 for an Ivy. Savings for college and retirement (not in a qualified plan) are counted.