The Quaker Commitment
SRFS Sidebar Menu
SRFS Below Traversable
Penn is committed to making an undergraduate education accessible and affordable for students from all economic backgrounds. The Quaker Commitment builds on Penn's longstanding financial aid program to make the cost of attending Penn clearer, more predictable, and more attainable for students and families.
As part of Penn Forward, the Quaker Commitment continues to evolve to help students and families better understand what Penn may cost and the financial support available to them. This work builds on significant enhancements introduced in the 2025–26 academic year, including raising the family income threshold for full-tuition scholarships from $140,000 to $200,000 for families with typical assets and excluding primary home equity from financial aid calculations.
The Four Principles of the Quaker Commitment
The Quaker Commitment reflects four key principles of Penn's undergraduate financial aid program:
- Your financial aid package will fully meet 100% of your demonstrated need without requiring any loans.
- If your family’s total income is below $200,000, your financial aid package will cover at least full tuition (and often more) through a combination of grants and work-study.
- The value of your primary family home will not impact your financial aid eligibility.
- If your family’s total income is below $75,000, you may be considered Highly Aided.
Important Note: These benefits apply to students who meet the criteria outlined in the chart below. Eligibility for the Quaker Commitment is determined based on information submitted through your financial aid application.
We know that when it comes to planning for college, understanding your cost matters—a lot. That’s why we’ve built our own Cost Calculator. Answer just a few questions for an estimated breakdown of what aid you might qualify for and your personalized cost!
| Family Income | Eligibility Requirements | Benefits |
|---|---|---|
| $200,000 or below | Your family:
*Verified by tax return | Full Tuition: Penn will provide a financial aid package that covers, at a minimum, tuition through grants and work-study. Home Equity: Penn will no longer consider a family's primary home equity when determining financial aid eligibility. |
| Above $200,000 | Your family:
*Verified by tax return | Home Equity: Penn will no longer consider a family's primary home equity when determining financial aid eligibility. |
How do I apply for the Quaker Commitment?
Simply complete your financial aid application as usual, following the steps outlined in our undergraduate financial aid checklists. The financial information you submit is all that’s needed. . Eligibility for all of Penn's financial aid benefits, including the latest expansions for middle-income families, is determined automatically and reviewed annually.
