Partner School: University of Pennsylvania - 2008 College Match Scholarship Package

The University of Pennsylvania believes a diverse student body, drawn from a broad range of economic backgrounds, enhances the educational experience of all of its students.

To this end, Penn does not consider an applicant's aid status in making its admissions decisions, meets the full need of all admitted and enrolled students, and, beginning in 2009-2010, will no longer include student loans in meeting dependent students' needs.

Penn has a strong commitment to awarding aid only on the basis of financial need, and awards no academic or athletic scholarships. Penn expects each student's family to contribute according to their financial circumstances; expected contributions, based on comprehensive review of each application, range from $0 to the full cost of education.

Because family situations can often change significantly from year to year, Penn normally redetermines a student's expected family contribution each year. For that reason, QuestBridge students will be considered for a four-year Match Scholarship only in those cases where the expected parent contribution is $0, and it appears unlikely that it will change over time. The only change in the Match Scholars expected contribution over their four years will be an annual increase (no more than $100) in the Federal Work-Study component.

However, other QuestBridge finalists who are admitted through early or regular decision (outside of the National College Match program) will have their full demonstrated need covered, with no loan requirement.

Scholarship Details

Glossary of terms appearing in scholarship package details

Annual Cost of Attendance
Tuition	$33,608
Room & Board	$10,622
Books & Supplies	$1,050
Travel	$0
Personal	$3,352
Other Fees	$3,918
Total	$52,550

How Costs Are Covered (Annually)
Grants	$50,100
Federal Work-Study	$2,400
Parental Contribution	$0
Student Summer Work Contribution	$50
Student Savings	5%
Student Loan	$0
Total	$52,550

Travel
A travel allowance will be added to the budget, and covered with grant, for students who live at home with their family, or for residential students who live on or off-campus and whose home is a considerable distance from Penn. This allowance approximates the lowest fares of two round trips a year.

Outside Scholarships
Outside scholarships will first be used to reduce or eliminate the Federal Work-Study award. Any amount remaining may be used to cover documented personal computer-related expenses, up to $1500, and housing costs in excess of the standard budget allowance. Scholarships in excess of these amounts will be used to reduce the Penn grant dollar for dollar.

Health Insurance
If a QuestBridge Match Scholar is required to purchase health insurance through Penn, Penn will cover the cost with an increased grant.

Other Details
Students are expected to contribute 5% of their personal savings/investments toward their annual college expenses. This will decrease the amount of the Penn grant, dollar for dollar.

Financial aid is available for students who elect to attend summer sessions. Summer aid packages, however, generally include some student loan.

While loans are not included in meeting students' needs, students do have the option of borrowing in place of their Work-Study award or to cover housing costs in excess of the standard room allowance.