Tuition Fees & Scholarship of Penn State University

It is normal that top ranked universities requires higher tuition fee and education costs. Penn State University is not exceptional. But the good thing about Penn State University is the scholarship and financial aid opportunities. Hundreds of students get scholarship, grants and financial aid in Penn State University. There are different types of financial aids and scholarships. All of them are have been designed to help and support the students of Penn State University who deserve support. For example Penn State University helps meritorious students with scholarship, grants and financial aid to inspire meritorious students and nurture them to grow up. At the same time Penn State University has scholarship schemes to help students who are financially insolvent. Even Penn State University has part-time job opportunity for students who need them. There are loans facility too in Penn State University.

Tuition Fee and Expenses
Cost of Attendance In-state: $36,344
Out-of-state: $51,572
Tuition and Fees
In-state: $18,436
Out-of-state: $33,664
Room and Board
$11,280
Books and Supplies
$1,840
Other Expenses
$4,788
Payment Plans Credit card, installment plan, deferred payment

Student can use the net price calculator to know updated education costs –

Net Price Calculator URL

Scholarship and Financial Aid of Penn State University

Penn State University has three types of financial aid for students. If a student cannot get scholarship or grants, as they are very competitive, he can take loans to bear the educational cost. If the student is not capable of repaying the loans, then he can engage in part-time employment.

Scholarships and Grants

There are numerous scholarships and grants available in Penn State University. The popular scholarships and grants of Penn State University are –

  1. Federal Pell grants,
  2. SEOG,
  3. State scholarships,
  4. Institutional scholarships,
  5. Private scholarships,
  6. Academic scholarships,
  7. Athletic scholarships,
  8. ROTC scholarships and
  9. Alumni affiliation scholarships
Loans

The loan facilities are –

  1. Direct subsidized Stafford loans,
  2. Direct unsubsidized Stafford loans,
  3. Direct PLUS loans and
  4. Federal Perkins loans.
Employment Opportunities

There are Federal work study programs available for financially insolvent students. Moreover, students can earn up to $3,144 from on-campus employments.

Application Process

To apply for scholarship in Penn State University, first of all make sure you are applying before deadline. The use the link below to apply for this scholarship.

Scholarship Application 

Application Deadline Priority deadline February 15
Award Notification On a rolling basis
Methodology for Awarding
Institutional Aid
Federal Methodology
Scholarship Statistics of Last Year
Freshmen
Financial Aid Applicants 5,468 (71.9%) of freshmen
Found to Have Financial Need 3,513 (64.2%) of applicants
Received Financial Aid 3,239 (92.2%) of applicants with financial need
Need Fully Met 307 (9.5%) of aid recipients
Average Percent of Need Met 58%
Average Award $10,524
Need-Based Gift
Received by 1,398 (43.2%) of aid recipients, average amount $7,155
Need-Based Self-Help
Received by 2,500 (77.2%) of aid recipients, average amount $3,616
Merit-Based Gift
Received by 1,761 (54.4%) of aid recipients
Merit-Based Gift 638 (8.4%) of freshmen had no financial need and received merit aid, average amount $4,185
Undergraduate   
Financial Aid Applicants 23,999 (61.1%) of undergraduates
Found to Have Financial Need 18,369 (76.5%) of applicants
Received Financial Aid 17,685 (96.3%) of applicants with financial need
Need Fully Met 1,423 (8.0%) of aid recipients
Average Percent of Need Met 59%
Average Award $11,498
Need-Based Gift
Received by 9,122 (51.6%) of aid recipients, average amount $7,685
Need-Based Self-Help
Received by 14,999 (84.8%) of aid recipients, average amount $4,899
Merit-Based Gift
Received by 7,016 (39.7%) of aid recipients
Merit-Based Gift 3,891 (9.9%) of undergraduates had no financial need and received merit aid, average amount $3,933

You may also like...