Frequently Asked Question(s)
Q:Do UPENN Student Financial Services offer any loan options?
A:The UPENN Student Financial Services do not offer any loans options. This is due to the no loans policy adopted by the University of Pennsylvania financial aid program. All the financial options available at University of Pennsylvania do not need to be paid back. The options available are either need based or merit based that allow students an opportunity to stay away from future financial debt. This is in view of the rising student debt in the United States.
Q:While reading up on the UPENN financial aid checklist, I came across the cost of attendance. Why is it important to estimate the cost of attendance before applying for financial aid?
A:Cost of attendance would be mentioned when searching for UPENN financial aid checklist. Students are recommended to estimate the cost of their attendance as it helps them get an idea as to how much money is require to attend college. Furthermore, this information helps prospective students immensely with their financial aid application. This estimate allows students to borrow only what is required.
Q:Why is it so important for me to estimate the cost of attendance before applying for University of Pennsylvania financial aid?
A:Estimating the cost of attendance is extremely beneficial before applying for University of Pennsylvania financial aid. One of the biggest advantages of estimating the cost of your attendance is to get a rough idea as to how much money is required. Once this has been estimated, students can plan their financial aid accordingly. Furthermore, when estimating the cost of attendance, students are recommended to make use of the University of Pennsylvania's official financial webpage for current rates.
Q:What are the financial aid packages offered by University of Pennsylvania Financial Aid Office?
A:University of Pennsylvania Financial Aid Office offers assistance to qualified students in the form of scholarships grants, student loans and work study programs. Scholarships and grants are gift monies that do not need to be paid back. These assistance programs are available to students who expected family contribution falls short of total cost of attendance.
Q:Can you tell me about UPENN Financial Aid Application?
A:To apply for financial aid at university Pennsylvania you should have the following documents: (i) Penn Financial Aid Supplement (ii) CSS/ PROFILE (iii) Noncustodial PROFILE (iv) parents' and student's federal income tax returns, all schedules, pages and W-2 forms (v) Free Application for Federal Students Aid (FAFSA). You should submit these documents within the mentioned deadlines.
Q:Do I need to fill out the UPENN Financial Aid Supplement?
A:If you want to apply for assistance you should fill out the university of Pennsylvania financial aid supplement. Filling out the financial aid form will make you eligible for loans, grants, scholarships and work study program. To be eligible for federal sources of assistance you should fill out the Free Application for Federal Students Aid (FAFSA).
Q:Could you guide me about the UPENNFinancial Aid Deadline for the upcoming semester?
A:Here is a detailed schedule of all the important dates concerning UPENNFinancial Aid in the near future.
Penn Financial Aid Supplement: Early decision: Nov. 1-15, 2012. Regular Decision: Feb. 1, 2013. Transfers: Apr. 15, 2013. CSS/PROFILE: Early decision: Nov. 1, 2012. Regular Decision: Feb. 1, 2013. Transfers: Apr. 15, 2013. Noncustodial PROFILE : Early decision: Nov. 1, 2012. Regular Decision: Feb. 1, 2013. Transfers: Apr. 15, 2013. Parents' and Student's 2011 federal income tax returns: Early decision: Nov. 1, 2012. Regular Decision: Feb. 1, 2013. Parents' and Student's 2012 federal income tax returns: Early decision: Feb. 1, 2013. Regular Decision: Feb. 15, 2013. Transfers: Apr. 15, 2013. FAFSA : Early decision: Feb. 1, 2013. Regular Decision: Feb. 15, 2013. Transfers: Apr. 15, 2013