Like other Ivy League schools, Penn undergraduate aid is entirely need-based. The University does not award scholarships based on academic or athletic merit. Penn is committed to meeting your full demonstrated need for eight academic semesters with grant-based aid. To be eligible for federal aid, you must file a FAFSA, make satisfactory academic progress, not be in default on a Federal loan, and not owe a refund on a Federal Pell Grant or Federal Supplemental Educational Opportunity Grant (FSEOG). International students are generally not eligible for federal funding.
Penn Grant is the foundation for many financial aid packages and is funding that Penn has decided to invest in you to meet your financial need. Penn Grant is a need-based institutional grant and is available to all traditional undergraduate students for up to eight academic semesters. To be eligible for institutional funds, you must complete a CSS Profile and the Penn Financial Aid Supplement (PFAS), as well as submit the required federal income tax return information. The number of awards will vary.