Daily News | Penn raises tuition, other costs 4%, while expanding full financial aid to more families
Full costs to attend the University of Pennsylvania for the 2023-24 academic year will climb 4% to $84,600 under a plan endorsed Thursday by the board of trustees.
That marks a return to pre-pandemic percentage increases. The last two years, the board kept percentage increases below 3%. But the university said it also plans to expand its full aid program to families who make less than $75,000 with “typical assets” — the threshold is currently $65,500. Under the plan, Penn also will provide students in that group with summer internships, tuition and research funding, stipends for food during Thanksgiving and winter breaks when dining halls are closed, graduation regalia, and grant funding to cover the cost of Penn’s health insurance plan, the university said.
With the increased income threshold, more than 1,200 students will qualify for the full tuition, fees and room and board aid, the university said. That’s out of an undergraduate
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