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 –
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 –
- Federal Pell grants,
- SEOG,
- State scholarships,
- Institutional scholarships,
- Private scholarships,
- Academic scholarships,
- Athletic scholarships,
- ROTC scholarships and
- Alumni affiliation scholarships
Loans
The loan facilities are –
- Direct subsidized Stafford loans,
- Direct unsubsidized Stafford loans,
- Direct PLUS loans and
- 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.
| Application Deadline | Priority deadline February 15 |
|---|---|
| Award Notification | On a rolling basis |
| Methodology for Awarding Institutional Aid |
Federal Methodology |
Scholarship Statistics of Last Year
| 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
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Received by 1,398 (43.2%) of aid recipients, average amount $7,155 |
|
Need-Based Self-Help
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Received by 2,500 (77.2%) of aid recipients, average amount $3,616 |
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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 |
| 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 |
