The sticker price is 68,957, but like other Ivy League Schools, Penn is committed to meeting all the demonstrated needs of accepted students. As a result, the school doesn’t award scholarships, instead wishing to focus on financial aid in the form of grants, which do not have to be repaid. Families who make less than $40,000 a year can expect to have the student’s tuition, room, and board covered. For those making less than $75,000, tuition and room will be paid for.

After a student submits their application for financial aid, Penn takes several aspects into account including the size of the family, income, assets, and any extreme circumstances. Students can also have their applications reviewed if situations change during their years at the university. In addition, 14 % receive a federal grant from the government.

Due to their financial aid policy, the University of Pennsylvania ranks well in affordability for state residents.


Tuition & Financial Aid for 2018

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Sticker Price
$68,957
Your Estimated Net Cost
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Full Cost of Attendance

Sticker Price

$68,957
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Note: Most students do not pay full sticker price for college. See the top section of this page for info about your estimated net price.

College costs often differ from the school's listed prices because College Raptor estimates costs for the upcoming year based on historical inflation using the most recently available data about each college from the U.S. Department of Education.

Scholarships, Grants, and Aid

  • Average Student Grant Aid
    $43,856
  • Percent Receiving Grant Aid
    49 %
  • Average Institutional Grant
    $41,565
  • Percent Receiving Institutional Grant
    49 %
  • Average Federal Grant
    $7,427
  • Percent Receiving Grant
    14 %
  • Average Student Loans
    $7,145
  • Percent Receiving Student Loans
    14 %
  • Endowment
    $10,715,364,000
  • Endowment Per Student
    $429,301
  • Endowment figures are not a good indicator of available financial aid.
    Eligible students may receive Pell Grants and other federal aid (e.g. Direct Loans)

Middle Class Affordability Rankings

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Average Net Price by Income - Reported in 2015-2016

Athletic Scholarships (not need based)
  • Average scholarship / Female athlete
    $0
  • Average scholarship / Male athlete
    $0
  • Average scholarship / athlete
    $0
  • # Female athletes
    370
  • # Male athletes
    521
  • Total # athletes
    891
  • Payment Options
    Prepaid tuition plan
    Tuition payment plan

Average Net Price by Income - Estimated

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Is our net price estimate accurate? Use the official University of Pennsylvania net price calculator and let us know.