University of Pennsylvania's published cost of attendance is $89,028, but need-based aid reshapes that figure substantially across income levels. Low-income families see a net price of approximately −$3,012, while middle-income families pay around $10,439, and higher-income families pay approximately $55,972.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $89,028 |
| Tuition and Fees | $68,686 |
| Room and Board | $19,174 |
| Books and Supplies | $1,358 |
| Average Financial Aid (Grants and Scholarships) | -$60,329 |
| Average Net Price (What Families Pay) | $28,699 |
| Family Income | Net Price |
|---|---|
| $0–30k | +$3,012 (stipend) |
| $30–48k | $316 |
| $48–75k | $10,439 |
| $75–110k | $25,476 |
| $110k+ | $55,972 |
University of Pennsylvania's published cost of attendance is $89,028, but need-based aid reshapes that figure substantially across income levels. Low-income families see a net price of approximately −$3,012, while middle-income families pay around $10,439, and higher-income families pay approximately $55,972. Azimuth ranks University of Pennsylvania #882 for post-graduation affordability among nonprofit four-year institutions. Net prices by income band are medians within those bands; individual aid packages vary, so some families in each band pay more and some less than the figures shown. For more on how published costs differ from what families actually pay, see the net price illusion. Penn's aid structure is need-based, with the university committing to meet demonstrated financial need in full under current policies. Families apply using the FAFSA and CSS Profile, and work-study is available as part of the aid package. The gap between sticker price and net price is widest for lower-income families, where institutional grant aid covers the largest share of cost — a meaningful distinction for families weighing the real out-of-pocket expense against the published figure. Median federal student loan debt at graduation is $15,715, and families using Parent PLUS borrow a median of $33,124; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the for how household context shapes PLUS decisions. For a graduate at the institution's median four-year earnings of $124,586, median federal debt of $15,715 projects to a monthly payment of about $178 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use .
How much students borrow and whether debt is manageable given outcomes.
Debt-to-earnings data not available.
How cost compares to graduate earnings and value added.
Graduates of University of Pennsylvania earn median earnings of $124,586 four years after enrollment, placing University of Pennsylvania in the 99.8 percentile for median earnings four years after enrollment among nonprofit four-year institutions. That figure runs well above the $95,739 median at comparable institutions (same control and size band). Graduates earn about $22,043 more than similar students at comparable institutions, placing University of Pennsylvania in the 96.8 percentile for earnings beyond expectations among nonprofit four-year institutions. Azimuth ranks University of Pennsylvania #5 for return on investment among nonprofit four-year institutions. The earnings pattern reflects University of Pennsylvania's business-anchored program mix — Business accounts for 25% of graduates, with Social Sciences at 14% and Engineering at 7%. Finance combines the largest cohort scale with strong pay, making it a central driver of the institution's aggregate return. Azimuth ranks Finance #1 for median earnings four years after enrollment among nonprofit four-year institutions , with 398 graduates earning median earnings of $202,069 — 2.4x the national benchmark for the field. The Economics program graduates 234 students with median earnings of $129,985, and Azimuth ranks Management Sciences and Quantitative Methods #2 for median earnings four years after enrollment among nonprofit four-year institutions, with 209 graduates earning median earnings of $153,279. Further down the lineup, Nursing (206 graduates, median earnings of $98,475) and Philosophy (202 graduates, median earnings of $107,454) round out the strongest-earning fields at University of Pennsylvania.
