Penn announces $224million FA budget for 2017-2018.

At the same time, Penn is providing more financial aid to more people on the whole. Percentages matter but total impact is also extremely significant when it comes to providing opportunities to the socioeconomically disadvantaged. It’s incredible that Penn provides financial aid to 46% of its undergraduate population. If each Penn class has 2400 students and the whole undergraduate student body is therefore 9600 students, then that means that 4,416 students at Penn receive some type of financial aid. That’s more than the entire undergraduate enrollment at Dartmouth. And that’s about 80% of of Yale’s undergraduate enrollment. The average Penn grant is also slightly more than the average Yale grant despite the fact that Yale has double Penn’s endowment. Penn is making an ivy league education more affordable for a much broader swath of students than its peers and it does so with relatively fewer resources. There’s definitely room for improvement but Penn is at the forefront of making an ivy league education accessible for all.