Penn  /  Financial aid

Paying for Penn

The sticker price is rarely what families pay. Here is what Penn actually costs after aid, broken down by income, with the real numbers and a calculator for your situation.

Free tuition at Penn for families earning under $200,000 a year. Quaker Commitment: free tuition for families under $200k; all billed costs (tuition, fees, housing, dining) covered under $75k; no loans in aid packages

Estimate your cost

An estimate from published averages, not an offer. Always run Penn's official net price calculator and file the FAFSA/CSS Profile for your real number.

Average net price by family income

Under $30k$4,200/yr after aid
$30 to 48k$7,500/yr after aid
$48 to 75k$14,000/yr after aid
$75 to 110k$23,000/yr after aid
$110k+$41,000/yr after aid

The full cost

Sticker (cost of attendance)$87,740
Tuition & fees$65,784
Room & board$20,604
Average net price$26,017
Students on aid46%
Financial needMeets 100% of demonstrated need
International studentsOffers need-based aid to international students

Penn cost & aid FAQ

How much does Penn cost after financial aid?

The average family pays about $26,017 per year at Penn after grants and scholarships, against a sticker price of $87,740. Use the calculator to estimate your own net price by family income.

What does Penn cost by family income?

At Penn, the average total net price (tuition, room, board and fees, after aid) is about $4,200 per year for families earning under $30,000 and about $41,000 for families earning over $110,000. Net price rises with income because most aid is need-based.

Does Penn offer free tuition?

Yes. Penn waives tuition for families earning under $200,000 a year. That covers tuition itself; room, board and fees may still apply, so the total cost can be above zero.

Does Penn give financial aid to international students?

Offers need-based aid to international students. International applicants should confirm aid policies directly with Penn's financial aid office.

Does Penn meet full financial need?

Meets 100% of demonstrated need. Meeting need means the school aims to cover the gap between its cost and what your family can pay, as determined by the FAFSA and CSS Profile.

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