Annual Costs

Undergraduate Tuition

University of Pennsylvania tuition is $47,416 per year for in-state residents. This is 73% more expensive than the national average private non-profit four year tuition of $28,471. The cost is 81% more expensive than the average Pennsylvania tuition of $27,215 for 4 year colleges. Tuition ranks 115th in Pennsylvania amongst 4 year colleges for affordability and is the 15th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $47,416 which represents a 0% premium.

The school charges an additional fees of $6,118 in addition to tuition bringing the total effective in-state tuition to $53,534.

Housing Costs

On campus room and board is provided by the school at a cost of $15,066 per academic year. Students electing to live off campus elsewhere in Philadelphia should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,280.

Other Living Expenses

If living on-campus, students should budget for $1,835 in additional living expenses. Off-campus students should budget for $1,835 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Pennsylvania residents to go to Penn is $71,715 for the 2018/2019 academic year. Out-of-state students who don't have Pennsylvania residence can expect a one year cost of $71,715.

Citation: Price data from the U.S. Department of Education's 2018-2019 and 2017-2018 IPEDS survey response for University of Pennsylvania and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for University of Pennsylvania
Estimated Budgets
Pennsylvania Resident Total Budget $71,715
   In-State Tuition$47,416
   Other Fees$6,118
   Room and Board$15,066
   On-Campus Other Budget$1,835
   Books and Supplies$1,280
Non-Resident Total Budget $71,715
   Out-of-State Tuition$47,416
   Other Fees$6,118
   Room and Board$15,066
   On-Campus Other Budget$1,835
   Books and Supplies$1,280


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $71,715 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Penn net price for in-state students is $22,694* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

50% of University of Pennsylvania students received grant aid in 2014/2015. The average total aid amount was $39,106. 14 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,387. To apply for a Pell Grant to attend University of Pennsylvania, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Pennsylvania
Financial Aid Summary
Average Annual Net Price$22,694*
Percent of Students Receiving Grant Aid50%
Average Total Grant Aid$39,106
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,387

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$7,636
$30,001 to $48,000$6,330
$48,001 to $75,000$12,939
$75,001 to $110,000$19,110

Average Financial Aid Mix - $71,715 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $71,715. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 56% - $39,106

Money granted to you by the U.S. Department of Education, University of Pennsylvania or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 7% - $4,998

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 37% -  $25,776

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Penn is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 99/100 for University of Pennsylvania. Considering an average net price paid of $20,592, this leads to an overall value ranking of 77/100. This places the school 64th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. University of Pennsylvania
Haverford College10.3% more expensive
Swarthmore College6.3% more expensive
Princeton University0.6% less expensive
New York University1.1% more expensive
Johns Hopkins University10% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at University of Pennsylvania.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Penn is $286,860 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $20,592 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $82,368**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $358,575 or $102,960 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at University of Pennsylvania.

Pennsylvania Resident Tuition Per Semester$23,708
Pennsylvania Resident Total Cost Per Semester$35,858
Non-Pennsylvania Resident Tuition Per Semester$23,708
Non-Pennsylvania Resident Total Cost Per Semester$35,858

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at University of Pennsylvania are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at University of Pennsylvania
Price per credit hour for out of state residents$1,687
Cost for one class for out of state residents (3 credit hours)$5,061
Cost for one class for out of state residents (4 credit hours)$6,748


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 15% of University of Pennsylvania students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,998. The reported average student debt upon graduation is $19,798.

Example Loan Payments and Costs

How much are student loan payments for University of Pennsylvania? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $82,368, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $102,199.80. This could be your effective total out of pocket cost of an education at University of Pennsylvania. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 50% of students at this school who receive financial aid and you are paying an average annual net price of $20,592. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Pennsylvania student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

University of Pennsylvania Student Loan Payments
Example Payments
Monthly Loan Payment$851.66
Amount Borrowed$82,368.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$19,831.80
Sum of All Payments over 10 years$102,199.80

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Penn? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending University of Pennsylvania, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $102,199.80 would be needed to afford a $851.66 monthly payment in the example $82,368.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Pennsylvania in the future? In the past four years, this school's published in-state tuition and fee total rose from $39,088 to $47,416. This amounts to an average annual price increase of 4.3%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $286,860.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for University of Pennsylvania.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$98,625$394,499
Estimated Cost in 10 years for students enrolling in 2030$125,873$503,492
Estimated Cost in 15 years for students enrolling in 2035 $160,649$642,598
Estimated Cost in 18 years for students enrolling in 2038 $185,972$743,887

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Pennsylvania to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Registered Nursing/Registered Nurse Bachelor's Degree 163 100% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 72 40% costlier
Business Administration and Management, General Bachelor's Degree 64 108% costlier
International/Global Studies Bachelor's Degree 54 63% costlier
Computer Science Bachelor's Degree 52 71% costlier
Systems Engineering Bachelor's Degree 46 83% costlier
Operations Management and Supervision Bachelor's Degree 39 120% costlier
Marketing/Marketing Management, General Bachelor's Degree 35 97% costlier
Chemical Engineering Bachelor's Degree 34 57% costlier
Economics, General Bachelor's Degree 32 60% costlier
Political Science and Government, General Bachelor's Degree 28 72% costlier
Finance, General Bachelor's Degree 24 93% costlier
Fine/Studio Arts, General Bachelor's Degree 22 66% costlier
Business/Commerce, General Bachelor's Degree 22 90% costlier
Biology/Biological Sciences, General Bachelor's Degree 18 77% costlier
Cognitive Science Bachelor's Degree 16 33% costlier
Biomedical Sciences, General Bachelor's Degree 16 87% costlier
Mathematics, General Bachelor's Degree 15 75% costlier
Spanish Language and Literature Bachelor's Degree 13 66% costlier
Psychology, General Bachelor's Degree 12 77% costlier
Communication and Media Studies, Other Bachelor's Degree 11 59% costlier
History, General Bachelor's Degree 10 75% costlier
English Language and Literature, General Bachelor's Degree 10 79% costlier
Computer Engineering, General Bachelor's Degree 9 69% costlier
Health/Health Care Administration/Management Bachelor's Degree 9 118% costlier
Philosophy Bachelor's Degree 9 59% costlier
East Asian Languages, Literatures, and Linguistics Bachelor's Degree 8 28% costlier
Accounting Bachelor's Degree 7 93% costlier
Geology/Earth Science, General Bachelor's Degree 7 73% costlier
Real Estate Bachelor's Degree 7 72% costlier
Statistics, General Bachelor's Degree 7 59% costlier
Physics, General Bachelor's Degree 7 63% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 6 35% costlier
International Relations and Affairs Bachelor's Degree 6 53% costlier
Middle/Near Eastern and Semitic Languages, Literatures, and Linguistics Bachelor's Degree 6 3% costlier
International Business/Trade/Commerce Bachelor's Degree 5 74% costlier
Near and Middle Eastern Studies Bachelor's Degree 5 20% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 5 69% costlier
Anthropology Bachelor's Degree 4 59% costlier
French Language and Literature Bachelor's Degree 4 56% costlier
Community Health Services/Liaison/Counseling Bachelor's Degree 4 103% costlier
Retailing and Retail Operations Bachelor's Degree 4 73% costlier
German Language and Literature Bachelor's Degree 4 52% costlier
Romance Languages, Literatures, and Linguistics, Other Bachelor's Degree 4 34% costlier
Environmental Studies Bachelor's Degree 3 47% costlier
Russian Language and Literature Bachelor's Degree 3 37% costlier
African Studies Bachelor's Degree 3 25% costlier
Computer and Information Sciences, General Bachelor's Degree 3 94% costlier
Asian Studies/Civilization Bachelor's Degree 3 37% costlier
Sociology Bachelor's Degree 3 74% costlier
Visual and Performing Arts, General Bachelor's Degree 3 77% costlier
African-American/Black Studies Bachelor's Degree 3 52% costlier
Neuroscience Bachelor's Degree 3 25% costlier
Electrical and Electronics Engineering Bachelor's Degree 3 70% costlier
History and Philosophy of Science and Technology Bachelor's Degree 3 30% costlier
Urban Studies/Affairs Bachelor's Degree 3 53% costlier
Public Policy Analysis, General Bachelor's Degree 3 29% costlier
Philosophy, Other Bachelor's Degree 2 32% costlier
Criminology Bachelor's Degree 2 77% costlier
Insurance Bachelor's Degree 2 82% costlier
Jewish/Judaic Studies Bachelor's Degree 2 45% costlier
Comparative Literature Bachelor's Degree 2 29% costlier
Film/Cinema/Video Studies Bachelor's Degree 2 41% costlier
Social Sciences, General Associate's Degree 2 245% costlier
Art History, Criticism and Conservation Bachelor's Degree 2 46% costlier
American/United States Studies/Civilization Bachelor's Degree 2 38% costlier
Humanities/Humanistic Studies Bachelor's Degree 2 68% costlier
Mechanical Engineering Bachelor's Degree 2 69% costlier
East Asian Studies Bachelor's Degree 2 26% costlier
Linguistics Bachelor's Degree 2 45% costlier
Biophysics Bachelor's Degree 2 31% costlier
Women's Studies Bachelor's Degree 1 51% costlier
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 1 79% costlier
Materials Engineering Bachelor's Degree 1 49% costlier
Music, General Bachelor's Degree 1 74% costlier
Natural Sciences Bachelor's Degree 1 77% costlier
Elementary Education and Teaching Bachelor's Degree 1 102% costlier
History, Other Bachelor's Degree 1 61% costlier
Latin American Studies Bachelor's Degree 1 35% costlier
Biochemistry Bachelor's Degree 1 54% costlier
Actuarial Science Bachelor's Degree 1 70% costlier
Logic Bachelor's Degree 1 4% costlier
Chinese Language and Literature Bachelor's Degree 1 33% costlier
Architecture Bachelor's Degree 1 50% costlier
Religion/Religious Studies Bachelor's Degree 1 51% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 1 79% costlier
Chemistry, General Bachelor's Degree 1 72% costlier
Italian Language and Literature Bachelor's Degree 1 38% costlier


Use the calculators below to formulate a college savings plan for University of Pennsylvania or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford University of Pennsylvania in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Pennsylvania student loan.

Prepayment Option

About University of Pennsylvania

University of Pennsylvania is a four year private college located in Philadelphia, Pennsylvania.  Full time enrollment is 21,358 and part time is 3,602. Learn more about getting accepted at University of Pennsylvania at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

University of Pennsylvania
34th and Spruce Streets
Philadelphia, Pennsylvania

For Profit / Not For Profit Status

University of Pennsylvania is a private not for profit institution.

University of Pennsylvania cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=215062 IPEDS survey data.