University Park, Pennsylvania
Public
Admissions Policies
Deposit & decision deadline (class of 2024)
June 1
Test-optional admissions ('20-'21)
Yes
Pennsylvania State University offers a variety of tools online on its Financial Aid page to help students pay for their PSU education. There is a cost estimator available where you can explore the cost of your education along with budgeting for future years. There are several financial aid-related tutorials for students and their families to refer to if they are confused or stuck. There is also a financial Aid Timeline for future students to help students plan accordingly. PSU provides information and links to help students find additional funding through outside scholarships.
In addition, there is a Money Management section on Pennsylvania State University's Financial Aid page called "Plan Your Finances" loan debt, financing your education, dealing with credit card debt. You can also access additional outside resource recommendations that help with loan awareness and provide additional sources of education.
If you are wondering about the return on investment of your college career at PSU, you can also access the many services at the Career Center to help you check your earning potential of a particular future career.
Learning about Financial Literacy at PSU will be a breeze with access to the Sokolov-Miller Financial and Life Skills Center. This comprehensive center offers everything from financial news and articles to financially useful information and tools, resources, and the ability to schedule either a personal meeting or financial and life skills session at the center. There is also the option to consult with a Student Ambassador with specific questions or concerns. There is a 2018-2019 Academic Year Webinar series that you can take advantage of along with a variety of events and workshops.The Sokolov-Miller Financial and Life Skills Center contains a Resources Section that provides a comprehensive library of calculators, estimators, budgeting tools, templates, quizzes, videos, and articles.
The Office of Student Affairs provides support for students who are undergoing urgent challenges and these include financially-based ones. In addition to the Sokolov-Miller Financial and Life Skills Center that can help with some of these instances, there is also a Barnes and Noble College Student Emergency Fund available. More information can be found at the Student Care and Advocacy Department.
The total cost of attendance includes tuition and fees, books and supplies, and living expenses.
Tuition (in-state)
$18,454
Tuition (out-of-state)
$34,858
Room and board
$11,570
Books and supplies
$1,840
Fees
$0
Other
$4,788
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 64 % of student's demonstrated need.
The average Pennsylvania State University-Main Campus merit scholarship for students without financial need
of Pennsylvania State University-Main Campus students without financial need receive a merit scholarship
Pennsylvania State University offers a variety of merit-based scholarships. Scholarship funds are limited so the university makes careful disclosure that they cannot match other institutional scholarship and financial aid packages and they are unable to guarantee scholarships even if you are admitted. All students who submit the FAFSA will automatically be considered for scholarships through the Office of Student Aid.
Merit scholarships are provided using funds from the Financial Aid Office, specific colleges
and centers within the university, and other administrative offices depending upon the student. Scholarships vary in the type of requirements, but all require an application.You can check out the different types of scholarships, applications, and requirements. These college-specific scholarships require academic excellence and other types of eligibility requirements. These adhere to various deadlines and range in amount per academic year, generally from $700-$2,500.
Very few students pay the full price. Here's the average cost for students in different income brackets:
Resources
Endowment (2019)
$4,546,104,803
Endowment per enrolled student (FTE)
$56,642
State financial support per student
$4,296
This is lower than the national average ( $7,523).
Share of Students Studying Online (Graduate and Undergraduate)
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
Black
Hispanic
Representative
Native American
Hawaiian
White
Multi-racial
Overrepresented
Asian
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
After graduation, here's how the average salary of a Pennsylvania State University-Main Campus graduate grows over time:
SAT range:
1160 - 1360
ACT range:
25 - 30
Application fee:
$65
Free price estimates for thousands of colleges
Custom reports based on your student profile
Recommendations to save thousands on college
The data and analysis above is sourced from the following reliable third party sources:
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.