The Quaker Commitment

Penn's newest financial aid policies are designed to reduce costs for middle-income families, building on recent initiatives for lower-income students. 

In response to the increasing financial needs of students from middle-income families, Penn is announcing The Quaker Commitment, a series of new financial aid policies effective for the 2025-2026 academic year, specifically designed to enhance the financial aid packages of middle-income students.

Home Equity No Longer Considered

Effective for the 2025-2026 academic year, Penn will no longer factor a family’s primary home equity into our financial aid eligibility assessment. Penn is now one of just a handful of schools that has completely eliminated home equity from its calculation

Full Tuition Scholarships for Incomes Up to $200,000

Also effective for the 2025-2026 academic year, Penn will guarantee a financial aid package that covers at minimum tuition with grants and work-study for students from families that make up to $200,000 with typical assets. The previous guarantee was capped at $140,000.

These policies apply to families with typical assets. 

    The Quaker Commitment

    The Quaker Commitment summarizes our undergraduate financial aid program’s existing and new policies in four simple statements:

    1. Your financial aid package will meet 100% of your demonstrated need with no loans.
    2. The value of your primary family home will not impact your financial aid eligibility.
    3. 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).
    4. 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.
    Frequently Asked Questions
    How do I apply for the Quaker Commitment?
    Does the Quaker Commitment apply to my current financial aid package?
    What do you consider when determining assets?