Penn Budget Communications

Penn has created this page to communicate information regarding its continuing response to the economic downturn and global financial crisis. More information will be added as it becomes available.

Updates from the President

President Amy Gutmann's August 2009 statement on Penn and the economy
August 10, 2009
It has been nearly a year since I first wrote to you about how we at Penn were being affected by the economic downturn that continues to challenge businesses, governments and universities across the country. As we prepare to begin a new academic year, I want to update you on Penn's financial position and the outcome of decisions we have made during this economic recession.

President Amy Gutmann's February 2009 statement on Penn and the economy
February 26, 2009
In my December message to the Penn community, I outlined a series of cost-containment measures that the University is taking in response to the economic downturn. Today, I can report that as a result of these and other measures, Penn is continuing to move forward on our highest priorities under the Penn Compact.

President Amy Gutmann's December 2008 statement on Penn and the economy
December 04, 2008
Earlier this semester, I wrote to you regarding the turmoil in the American capital and credit markets, and how this economic instability was affecting our University.

President Amy Gutmann's October 2008 statement on Penn and the economy
October 20, 2008
I would like to take this opportunity to communicate with you about how we at Penn are being affected and how, together, we will weather this challenging time in our nation’s history.

Press Releases

Penn Announces Lowest Tuition Increase in 41 Years
February 26, 2009
Building on its historic, multi-year efforts to increase access and affordability for lower- and middle-income families, the University of Pennsylvania announced its smallest tuition increase in 41 years. The Budget and Finance Committee of Penn’s Board of Trustees approved a tuition increase of 3.75 percent for the 2009-10 academic year.

Penn Announces Continued Commitment to Affordability
October 17, 2008
The University of Pennsylvania announced today that it remains firmly committed to making a Penn education affordable for students from all economic backgrounds regardless of the uncertain economic times.

From the Pennsylvania Gazette

"In Bad Times, We're in Relatively Good Shape",
Pennsylvania Gazette, January/February 2009

University of Pennsylvania Financial Report

2008 Financial Report
PDF format

Related Information

Budget update from the Veterinary School