New University of Pennsylvania financial aid thresholds

[Anonymous]

Does 'free tuition' include room and board, or just tuition?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where were all these policies when I went to college. Other than subsidized Stafford loans, I didn’t get crap, despite having two non college educated parents and HHI 60k. Loans for me. It sucked.

You didn't go to an Ivy League school.

I was wondering when/where they went to school. My experience at an expensive private university 20 years ago (with the same HHI) was the opposite. Aid covered it enough to make it the same cost as an in-state public flagship.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where were all these policies when I went to college. Other than subsidized Stafford loans, I didn’t get crap, despite having two non college educated parents and HHI 60k. Loans for me. It sucked.

You didn't go to an Ivy League school.

I was wondering when/where they went to school. My experience at an expensive private university 20 years ago (with the same HHI) was the opposite. Aid covered it enough to make it the same cost as an in-state public flagship.

I went to a top10 24years ago and it was cheaper than my flagship. I was a pell grant recipient from a low income family, no loans. It is even better today: a much larger sector of applicants, up to around 100k, go for zero cost, and for the ones that get some aid but not full aid, it is almost always less total cost at the ivy/elite than at the flagship.

[Anonymous]

This threshold of typical assets is bogus.

It penalizes those middle income individuals who have been extremely frugal and saved and invested successfully.

It also penalizes those who have inherited money before their kids go to college (eg. those having kids later in life and having older grandparents) while ignoring the fact that many younger parents and their kids will inherit substantial amounts after they have graduated from college (while they still got financial aid)

Anonymous wrote:Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.

Question is what are typical assets? How many people make 200k and have limited liquid assets? Or do they intentionally try to keep them out of liquid accounts?

[Anonymous]

Anonymous wrote:How fast does the price ramp up for people slightly avoid the "pay $0" threshold?

100%

[Anonymous]

Anonymous wrote:MIT just announced free tuition for everyone under 200k.

Why do these universities try to do so much social engineering? How about just giving everyone the same flat rate? (that would obviously be a lot less than current list price)

Yeah it sucks when its free at 200k, but full pay for $300k.

[Anonymous]

Anonymous wrote:MIT just announced free tuition for everyone under 200k.

Why do these universities try to do so much social engineering? How about just giving everyone the same flat rate? (that would obviously be a lot less than current list price)

How is this social engineering?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.

Question is what are typical assets? How many people make 200k and have limited liquid assets? Or do they intentionally try to keep them out of liquid accounts?

So, middle class people who rent get screwed?

People who haven't poured all their savings into how equity get screwed?

Go out and use all that money you saved to buy a house.

You're welcome.

[Anonymous]

Anonymous wrote:How fast does the price ramp up for people slightly avoid the "pay $0" threshold?

I think there is a big cliff then a slope.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How fast does the price ramp up for people slightly avoid the "pay $0" threshold?

Hopefully no faster than dollar-for-dollar, but there’s no legal reason they can’t just hike the price to $90k for a family making $200,001.

Is this top line gross or AGI?

[Anonymous]

Anonymous wrote:Does 'free tuition' include room and board, or just tuition?

Looks like just tuition because the full ride is for families making under 100K.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Does 'free tuition' include room and board, or just tuition?

Looks like just tuition because the full ride is for families making under 100K.

And the non-tuition costs at Penn are huge. “Mandatory fees” are higher than in-state tuition at some flagships.

[Anonymous]

Anonymous wrote:Does 'free tuition' include room and board, or just tuition?

https://srfs.upenn.edu/quaker-commitment



Your financial aid package will meet 100% of your demonstrated need with no loans.

The value of your primary family home will not impact your financial aid eligibility.

If you make up to $200,000 with typical assets, your financial aid package is guaranteed to cover at minimum full tuition (and often more).

If you make under $75,000 with typical assets, your financial aid package is guaranteed to cover all billed expenses (tuition and fees, housing, and dining) and you will receive additional resources to ensure your equal access to opportunities on campus.

[Anonymous]

Anonymous wrote:This threshold of typical assets is bogus.

It penalizes those middle income individuals who have been extremely frugal and saved and invested successfully.

It also penalizes those who have inherited money before their kids go to college (eg. those having kids later in life and having older grandparents) while ignoring the fact that many younger parents and their kids will inherit substantial amounts after they have graduated from college (while they still got financial aid)

Anonymous wrote:Effective in the 2025-26 academic year, Penn will no longer consider the value of the primary family home among assets in determining the amount of financial aid eligibility and will raise the income threshold for families eligible to receive full tuition scholarships from $140,000 to $200,000 with typical assets.

Question is what are typical assets? How many people make 200k and have limited liquid assets? Or do they intentionally try to keep them out of liquid accounts?

Agree with this one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Does 'free tuition' include room and board, or just tuition?

Looks like just tuition because the full ride is for families making under 100K.

And the non-tuition costs at Penn are huge. “Mandatory fees” are higher than in-state tuition at some flagships.

Does it matter how a school gets to total COA? Penn isn’t any different than amy peers in terms of total COA.