The sticker price is 92,983, 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, 19% 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 2026
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$92,983
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Est. Monthly Payment
* The above net price is College Raptor’s estimate. Please contact the college financial aid office for actual net cost figures.
Full Cost of Attendance
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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.
Scholarship, Grant, Loan, and Endowment Overview
Grants and Academic Scholarships
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Avg. Student Grant Aid$59,721
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% Students Receiving Grant Aid48%
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Avg. Institutional Grant$56,764
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% Students Receiving Institutional Grant47%
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Avg. Federal Grant$8,468
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% of Students Receiving Grant19%
Loans
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Avg. Student Loans$13,512
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% of Students Receiving Student Loans12%
Athletic Scholarships (not need based)
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Avg. scholarship, Female athlete$0
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# Female athletes384
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Avg. scholarship, Male athlete$0
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# Male athletes551
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Avg. scholarship, Athlete$0
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Total # athletes935
Endowment
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Total Endowment$20,962,941,000
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Endowment Per Student$872,619
- #7 for Health/Health Care Administration/Management for 6 States
- #7 in History and Philosophy of Science and Technology for State of Georgia
- #7 for Management Science for States HI, MA, MN, NH, VA
- #8 for Biomedical Sciences for 6 States
- #8 for Health/Health Care Administration/Management for 6 States
Average Net Price by Income - Reported in 2023-2024
Average Net Price by Income - Estimated
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