Kiplinger’s Personal Finance magazine has ranked Penn one of the Top 10 most affordable private universities in the United States. Ranked sixth on the Kiplinger’s list, Penn was touted as offering outstanding academics at a reasonable cost. Princeton was ranked first among private universities, and three other Ivy League institutions—Yale (No. 2), Harvard (No. 5) and Columbia (No. 8)—made the Top 10 list.

At Penn, the undergraduate financial aid budget has increased by more than 100 percent since 2004, with President Amy Gutmann launching a no-loan policy in 2008 that meets the full demonstrated financial need of every undergraduate student.

“Cost should not be a barrier to a Penn education,” Gutmann says. “It is our responsibility to help educate future generations of leaders, regardless of economic background. As students and their families experience mounting financial needs, we are committed to keeping Penn affordable to every undergraduate who enrolls.”