<p>zagruss and j78, Im also in that boat. Can we get a mutiny and start heading towards financial aid</p>
<p>haha sounds good!</p>
<p>I called today and they said all i’m eligible for is the $5,500 loan >< grrrrrr</p>
<p>Financial aid isn’t only based on income. All assets are taken into account.</p>
<p>Wow j7 that’s a shame…</p>
<p>If you don’t mind me asking if your family in a very high income bracket? From what I understand almost everyone receives at least some aid.</p>
<p>the 125,000-139,999 bracket…93% of applicants receive aid in that bracket. The person said that there’s a letter of ineligibility in the mail so maybe that will explain it more? I really have no idea why I wouldn’t get anything</p>
<p>That’s very surprising. Do you live near the Philadelphia area? I can’t believe that you didn’t receive any aid at all. After getting the letter you should contact them again and ask about this, because it isn’t right that your parent have to essentially pay half your income for you go to Penn…</p>
<p>I mean it also deals with your assets and such so perhaps it is because of that? Again, I would contact the office after you receive your letter, but before Jan. 8th to get this worked out…</p>
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<p>I just checked Penn’s website and 60% of undergraduates received some sort of financial aid. That includes those that accept the $5500 loan that Penn legally has to offer them. That isn’t almost everyone.</p>
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<p>Where did you get that information? I doubt that very much.</p>
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<p>I don’t think that is exactly what Penn said. Hopefully parents who make the kind of money you are talking about have saved some for their kid’s educations over the years.</p>
<p>Need based assistance is just that, assistance for people who need it. Penn, like all other schools who only offer need-based assistance, will first expect you or your parents to pay for your education.</p>
<p>Pea,</p>
<p>[A</a> Look at the Facts, Comparing Penn’s Cost](<a href=“http://www.sfs.upenn.edu/paying/paying-pro-look-at-the-facts.htm]A”>Submit My Documents | Penn Student Registration & Financial Services| Penn Srfs)</p>
<p>This is the data I assume j7 is referring to. I’m not sure exactly where you got your 60% from, could you please direct me towards your source? Please don’t get me wrong though, I am not implying that j7 should receive an incredible FA package, but I feel that receiving no aid at all is not something I would expect for someone in his income bracket. However, I could certainly be wrong since I am not very well experienced with FA since, obviously, I just got admitted for 2010.</p>
<p>I got the 60% of Penn’s undergraduates receive some sort of assistance from Penn’s website:</p>
<p>[A</a> Look at the Facts, Comparing Penn’s Cost](<a href=“http://www.sfs.upenn.edu/paying/paying-pro-look-at-the-facts.htm]A”>Submit My Documents | Penn Student Registration & Financial Services| Penn Srfs)</p>
<p>Now I see where j7 got his statistics about 93% of applicants in his income bracket received aid. He’s right, I’m wrong, my apologies.</p>
<p>Congratulations on both of you for being admitted, I hope you can go.</p>
<p>Nah, I don’t live in Philly…and I think it’s 60% of freshmen receive aid but 80% who apply receive it (some don’t apply because they don’t need it and others because it isn’t a need-blind application process for internationals…i think)</p>
<p>And the expected contribution from the FAFSA stuff says $22,000 a year, so I have no idea what the deal is.</p>