Penn is proud of its commitment to meet every undergraduate student’s demonstrated financial need with a grant-based financial aid package. But for students with the highest financial need, we make a special commitment to make Penn accessible and affordable. Some of these allowances are included in your initial aid package, and other resources are available by request via your financial aid counselor.
Summer Internships and Research
Beginning in Summer 2019, rising juniors and seniors who are Highly Aided will be eligible to receive up to $4,000 from SRFS to support unpaid or underpaid summer internship and research opportunities. Click here to read more about eligibility and application timelines.
Summer Savings Expectation
Beginning in 2019-2020, SRFS is waiving the summer savings expectation for incoming first year and rising sophomores who are Highly Aided. This translates into a direct increase in grant funding available at the start of each term.
SRFS appoints financial aid counselors to work specifically with Highly Aided students. Students can see their counselor assignment on Penn InTouch.
Health Insurance Coverage
Highly Aided students who are participating in the Penn Student Insurance Plan (PSIP) offered through the Student Health Service should inform their financial aid counselor as early as possible each academic year, as SRFS can cover this expense with grant funding.
Incoming Highly Aided first years are eligible to receive laptop computer funding from Penn. SRFS works with the Penn Computer Connection to select standard computer offerings and communicates details directly to incoming students during the summer.
SRFS includes an allowance for round-trip domestic travel between your home and Penn in your cost of attendance. The amount is determined based on your permanent address. International students should contact their financial aid counselor to determine their eligibility.
Break Meal Programs
Highly Aided students who will remain on campus are invited to participate in meal programs during Thanksgiving, Winter, and Spring Breaks. Students will receive an email from SRFS in the month before each break with instructions on how to participate.
Please click here to read more about the current break meal program.
SRFS covers the cost of academic regalia for graduating Highly Aided students. Students will receive an email from SRFS with more information about this benefit in early spring of their senior year.
For students who are enrolled at least half-time, most summer financial aid is available in the form of federal or alternative educational loans. Highly Aided students are eligible to receive a portion of their summer aid in grant funding. Students should formally submit an application for summer financial aid as early as possible to determine their eligibility.
All aided students can apply their existing financial aid package to a semester- or year-long study abroad program, and Highly Aided students are additionally eligible to receive a mixture of grant and loan funding for one Penn Global Seminar or Summer Abroad opportunity during their time at Penn.
Students with unexpected or urgent financial need should first consult with their financial aid counselor, who may recommend they submit an application for emergency funding.
SRFS uses grant funding to cover some of the fees that are charged to your student account, including the laboratory and tech fees associated with certain courses, college housing fees, and the New Student Orientation fee.