University of Pennsylvania
4 Year Degrees
Mid East Region
Average Annual Tuition at University of Pennsylvania
The latest data we have for University of Pennsylvania's annual average net costs are from 2021. These costs and and the average Pennsylvania schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|University of Pennsylvania||$60,042||$60,042||$16,763||$25,046|
As you can see, annual costs at University of Pennsylvania have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Pennsylvania as well. Pennsylvania's' higher education costs rose by 26.1% in just the last 10 years, ranking as the 38th highest state.
University of Pennsylvania Financial Assistance
12% of students enrolled at University of Pennsylvania receive some form of Federal loan assistance. You can view University of Pennsylvania's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Pennsylvania’s 529 Investment Plan is managed by the Pennsylvania Treasury Department with recordkeeping and investment services provided by Ascensus College Savings and The Vanguard Group respectively. The program features 3 age-based investment options and 10 static investment options, including a socially responsible equity portfolio, using Vanguard-managed portfolios. The Guaranteed Savings Plan, available only to Pennsylvania residents, functions as a unit-type prepaid tuition plan and provides protection against increasing tuition costs in various institutional categories.
|State Plan Name:||PA 529|
|Maximum Contribution:||up to $511,758 per beneficiary across accounts. As market value increase, the account may continue to accrue earnings, but no additional contributions or transfers will be accepted.|
|Fees:||0.2250% to 0.3250% asset management fee, depending on portfolio; 0.1350% operational support fee; $10 annual account maintenance fee, if you want paper statements;|
Pennsylvania School Statistics
We've analyzed all other higher education schools in PA, and wrapped it up nicely into a report for you. View our PA analysis report.
There are 115 other accredited private schools located in the state of Pennsylvania. You can view all PA schools here.