Undergraduate Tuition, Financial Aid Increase  

May|June 2012 Contents
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Silfen Forum focuses on fixing America’s future

Education reformer Geoffrey Canada will speak at Commencement

Luce Scholars Aimee Bailey EAS’06 and Abby Seldin C’09 G’09

Undergraduate costs to rise 3.9 percent, financial aid up 7.7 percent

Golkin Hall opening features Supreme Court Justice Sonia Sotomayor

Penn Electric’s DIY-ers put theory into practice—on wheels

Nobelist Amartya Sen on global justice at Levin Family Dean’s Forum

Abramson Institute and Penn file lawsuits against former director

Medical faculty followed existing rules in ghostwriting claim

Sports

B-ball senior stalwarts Zack Rosen and Jess Knapp on loving the game

Scoreboard


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The total annual cost of a Penn education will rise by 3.9 percent in the 2012-13 academic year, to $56,106, and the University’s financial-aid expenditures will go up 7.7 percent. Both increases are in keeping with recent trends. Over the last four years, undergraduate tuition, fees, room and board have risen by approximately 4 percent per year. Since President Amy Gutmann took office in 2004, Penn’s financial-aid budget has grown at more than twice that clip, averaging nearly 10 percent per year.

For the next academic year, tuition will increase to $39,088 from $37,620; room and board will increase to $12,368 from $11,878; and fees will increase to $4,650 from $4,478. The average grant for aid-eligible undergraduates—Penn replaced all student loans with grants in 2009—is estimated to be $38,250. According to University officials, the average net cost for aided students to attend Penn today is less than it was in 2004.
©2012 The Pennsylvania Gazette
Last modified 05/01/12