<p>UPenn turned down my parents or financial aid as their joint income is > the threshold, however, they have extenuating circumstances that don't allow them to afford UPenn at list price and they submitted a Reevaluation application detailing all of their finances and their unique situation. Does UPenn's Financial Aid organization ever overturn a financial aid decision and reconsider? How often do they and am I just getting false hopes for some financial aid? Reason I ask is I know of people accepted to other Ivy League schools who got financial aid with parent's income > the typical threshhold.</p>
<p>I was in a similar situation when I was accepted. They expected the family contribution to be $30,00, when was too much for me. I submittes for a reevaluation and they dropped my costs to $19,000 a year. Again, with genuine extenuating circumstances, I think they will help you out.</p>
<p>thank you. But unfortunately, my parents just refinanced their mortgage and cashed out as much as they could to be ready to fund college for me and my sibling. Which I think increased the EFC vs. them just leaving the mortgage alone as they dont count home equity or real estate into the EFC calculation. It is a shame that my parents got penalized for planning ahead here and I hope they at least offer some assistance based on other data provided. Thx</p>