Cost & Financial Aid

Supporting the next generation of scholars and professionals is a sound investment in the future of higher education. This investment allows us to compete for the best faculty and students at all levels.

Penn’s graduate tuition and other fees vary by school. Consult the individual schools and programs for details. Penn awards some loans based on financial need. These awarded loans are only made by Penn as part of a student’s financial aid package. The loans are repayable by the student after completion of his/her education or withdrawal from school and are subsidized.

Students in Ph.D. programs generally receive multi-year financial packages to cover tuition, fees, health insurance and a living allowance or stipend. The terms of the award may vary according to field of study. Contact individual programs for details. Most programs require that PhD students teach or conduct research for two or more years during their course of study, as part of their academic preparation.

Penn’s professional schools provide limited assistance in the form of grants based on financial need. Some schools award merit-based scholarships or provide support in return for service. Contact your school for information on its policies and application procedures for grants and scholarship funding.

U.S. citizens and permanent residents may be eligible for federal loans (i.e., Stafford, Grad PLUS, Perkins). In addition, private loan programs are available for credit-worthy borrowers. Generally, international students must have a qualified co-signer who is a U.S. citizen or permanent resident. Convenience Loans are generally available to students regardless of whether they are included in an aid package. These loans are available through both federal and private programs. Use the online AskBen tool on the Student Financial Services website for information to get information on loans and other resources for support.

Estimated Cost of Living for 2012-2013

Cost of living expenses for graduate students vary greatly according to resources, personal preferences, dependents, and whether you are enrolled in a 9-month or year-long academic program. The following information will help you estimate your expenses living in Philadelphia. Be sure to consult with your school financial aid representative for a detailed budget for students in your specific program.

Housing
Students who elect to live on campus in Sansom Commons can expect to pay from $820 (single room, shared bath) to $1,432 (1BR, livingroom, kitchen, bath) per month. A majority of graduate students choose to live off-campus. Philadelphia is the fifth largest city in the United States and has a reputation as one of the most livable cities in the country. It is a major urban center that has retained the feel of a “city of neighborhoods”. With rents remaining steady or modestly increasing over the last two years, the cost of housing in Philadelphia continues to be much more affordable than in other East Coast cities such as Boston and New York. Through the use of Philadelphia’s mass transit system (SEPTA), many areas of the city and the suburbs are within easy commute.

In University City, the neighborhoods around campus, a range of good quality options may be found with a monthly rent of $650 – $850 for a studio and $750 – $950 for a one bedroom. Center City studio rents range from a low of $850 to a high of $1100, and one-bedrooms from $1000 – $1500 . Note that off-campus rents do not typically include utilities (phone, cable, electric, gas).

Food
Costs vary according to tastes — whether you cook for yourself, purchase a Dining Plan, go out to restaurants, or eat from the local food trucks. Budget roughly $520 per month for food.

Books, Supplies, and Miscellaneous
Budget $1,600-2,200/year for books and supplies and $3,200-4,300 for miscellaneous expenses (such as travel, dental, laundry, entertainment).

Health Insurance
Students are required to have health insurance, either through the University’s plan ($3,222/single student for 12 mos) or an approved, comparable plan. PhD student fellowships generally include the cost of health insurance.