Penn
Decision sheet

The starting point

Penn does not offer merit scholarships of any kind — all financial aid is purely need-based. The Quaker Commitment (expanded 2025-2026) covers full tuition, fees, housing, and dining for families earning up to $75,000 and guarantees full tuition for families up to $200,000. Penn meets 100% of demonstrated need with all-grant aid (no loans since 2008).

Start with the aid policy. This research does not list a merit award. Check the school's financial aid options and application requirements; an empty award list is not proof that no aid is available.

Awards to discuss

No merit awards are listed in this research. Ask the school about need-based aid and any other funding options.

Ask before you decide

1. Which entering-year policy and residency category apply to us? What are the admission and scholarship deadlines?
2. What grades and credits are required to renew, and for how many terms?
3. How would other school awards or outside scholarships change the offer?

Recorded stacking policy: Outside scholarships first reduce or eliminate the Summer Savings (Student Contribution) component of the aid package, then the Work-Study/Penn Job component. Only if outside funds exceed both does the remainder replace institutional need-based aid such as the Penn Grant or Institutional/Endowed Scholarship; outside scholarships never reduce the Parent Contribution.

Our unanswered questions / Family notes

Keep the sources with the decision

Full research, award details and source context: https://meritplaybook.com/colleges/penn/merit-aid

• Penn stacking policy: https://srfs.upenn.edu/outside%20scholarships
• Penn Common Data Set: https://ira.upenn.edu/penn-numbers/common-data-set
• Penn cost-of-attendance worksheet: https://srfs.upenn.edu/costs-budgeting/undergraduate-cost-attendance

The research date is not a guarantee that a policy still applies. Confirm current amounts, deadlines and conditions with the school before making a financial decision.