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National Application Center :: campus tours :: Penn State University Park costs & financial aid

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Penn State University Park

Penn State University Park
University Park Campus
University Park, PA 16802

Official telephone: (814) 865-4700
Website: www.psu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2013 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Anna Griswold,
Assistant Vice President Undergraduate Education and Executive Directo
Contacting the office: 814 865-6301
814 863-0322 (fax)
FAFSA number: 003329

EXPENSES
Undergraduate tuition: $16,952; $31,434 out-of-state
Additional required fees: $948
Book fees: $1,840
Miscellaneous expenses: $4,788
Other expenses: Transportation, miscellaneous.
Combined room and board expenses: $11,230

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15yesN/A

Date award notification begins: February 15
Applied for financial aid:
73% of first-year students
65% of full-time undergraduates
54% of part-time undergraduates
Determined to have financial need:
68% of first-year students
79% of full-time undergraduates
76% of part-time undergraduates
Students determined to have financial need who received any financial aid:
92% of first-year students
96% of full-time undergraduates
95% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
47% of first-year students
54% of full-time undergraduates
65% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
81% of first-year students
87% of full-time undergraduates
80% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
45% of first-year students
34% of full-time undergraduates
43% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
8% of first-year students
8% of full-time undergraduates
13% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
58% for first-year students
60% for full-time undergraduates
54% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$9,361 for first-year students
$10,723 for full-time undergraduates
$7,592 for part-time undergraduates
Average need-based gift award:
$6,741 for first-year students
$6,729 for full-time undergraduates
$3,666 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,415 for first-year students
$4,788 for full-time undergraduates
$3,623 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,359 for first-year students
$4,703 for full-time undergraduates
$3,573 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
8% of first-year students
8% of full-time undergraduates
6% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$3,230 for first-year students
$3,290 for full-time undergraduates
$2,365 for part-time undergraduates
Students who received a non-need-based athletic award:
2% of first-year students
2% of full-time undergraduates
2% of part-time undergraduates
Average non-need-based athletic award:
$25,870 for first-year students
$23,988 for full-time undergraduates
$12,587 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • College/University Loans
  • private/alternative loans.
Percent of undergraduates who have borrowed through all loan programs: 66%
Average student debt upon graduation: $35,430
Types of payment plans:
  • Tuition Management Systems
  • deferred payment plan
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • athletic scholarships
  • ROTC scholarships

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