Penn uses all of the financial information that you and your family submit on the FAFSA, CSS Profile, Penn Financial Aid Supplement, and any supporting documents (tax returns, etc.) to determine your Expected Family Contribution (EFC). Penn then compares your EFC to your cost of attendance, which represents the full cost of attending Penn for a year. Your financial need is the difference between your cost of attendance and your EFC. Penn meets your full demonstrated financial need with grant funding and work-study.
Articles in this section
- How do I apply for financial aid?
- When will I learn how much financial aid I am receiving?
- How can I learn how much aid I might receive?
- Does Penn consider my ability to pay when making admissions decisions?
- What does Penn mean by grant-based aid? Does this mean I will never take out a loan?
- Does Penn award merit aid or merit scholarships?
- How does Penn determine my financial need?
- Will the amount of financial aid I receive increase every year in relation to the increase of tuition prices?
- How do outside scholarships affect my financial aid?
- How does work study work?