$7,776

Avg. Federal Grant

$4,894

Avg. Federal Loan

$248,580,558

Total Aid Awarded

University of Pennsylvania Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$248.581M

Financial Aid Official Website

www.sfs.upenn.edu/

Such schemes include Huebner Foundation Fellowship in Insurance, Economics, and Risk Management, Joseph P. Gavenonis Scholarship, LPS Scholarships, and Levy Scholars Program Scholarship. It is interesting to note that, every year, around 59% of students at UP receive some kind of financial aid, while the total amount of assistance/loans provided is $10,651,660. Notably, a total of 13% of the applicants to University of Pennsylvania receive the Federal Grant every year. Meanwhile, 49% of the applicants receive the Student Grant and 49% are awarded the Institution Grant, while 13% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,842, while the same comes to $3,000 for State Grant receivers and $48,201 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,823. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UP, an estimated number of 13% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

5%

Institution Grant Aid

47%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$7,776

State Grant Aid

$2,933

Institution Grant Aid

$44,140

Pell Grant

$4,842

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$68,144

$30,001 - $48,000

$67,279

$48,001 - $75,000

$60,032

$75,001 - $110,000

$51,088

Over $110,000

$31,551

Student Loans for University of Pennsylvania

Average Loan Amount Average Loan Amount received per year.

$7,842/Year

Students Taking Out Loans

13%

Loan Default Rate

1.1%

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