Cost & Financial Aid

Supporting the next generation of scholars and professionals is a sound investment in the future of higher education. This investment allows us to compete for the best faculty and students at all levels.

Penn’s graduate tuition and other fees vary by school. Consult the individual schools and programs for details. Penn awards some loans based on financial need. These awarded loans are only made by Penn as part of a student’s financial aid package. The loans are repayable by the student after completion of his/her education or withdrawal from school and are not subsidized.

Students in Ph.D. programs generally receive multi-year financial packages to cover tuition, fees, health insurance and a living allowance or stipend. The terms of the award may vary according to field of study. Contact individual programs for details. Most programs require that PhD students teach or conduct research for two or more years during their course of study, as part of their academic preparation.

Penn’s professional schools provide limited assistance in the form of grants based on financial need. Some schools award merit-based scholarships or provide support in return for service. Contact your school for information on its policies and application procedures for grants and scholarship funding.

U.S. citizens and permanent residents may be eligible for federal loans (i.e., Direct Loan, Grad PLUS). In addition, private alternative loan programs are available for credit-worthy borrowers. Generally, international students must have a qualified co-signer who is a U.S. citizen or permanent resident. Penn’s Student Financial Services provides information on loans and other resources for support.

Estimated Cost of Living

Cost of living expenses for graduate students vary greatly according to resources, personal preferences, dependents, and whether you are enrolled in a 9-month or year-long academic program. The following information will help you estimate your expenses living in Philadelphia. Be sure to consult with your school financial aid representative for a detailed budget for students in your specific program.

Students who elect to live on campus in Sansom Place can expect to pay from $1,008 (single room, shared bath) to $1,793 (1BR, livingroom, kitchen, private bath) per month for the 2019-20 academic year. (See Room Rates & Policies for details).

A majority of graduate students choose to live off-campus. Philadelphia is the fifth largest city in the United States and has a reputation as one of the most livable cities in the country. It is a major urban center that has retained the feel of a “city of neighborhoods”. With rents remaining steady or modestly increasing over the past few years, the cost of housing in Philadelphia continues to be much more affordable than in other East Coast cities such as Boston and New York. Through the use of Philadelphia’s mass transit system (SEPTA), many areas of the city and the suburbs are within easy commute.

9-Month Estimated Living Expense Budget
Housing $9,351
Food $4,635
Books and Supplies $1,318
Personal Expenses $1,890
Transportation $936
Health Insurance (if required) $3,446
Total $21,576

12-Month Estimated Living Expense Budget
Housing $12,468
Food $6,180
Books and Supplies $1,318
Personal Expenses $2,520
Transportation $1,248
Health Insurance (if required) $3,446
Total $27,180