Penn State UniversityScholarships & Financial Aid 2026
Based on Common Data Set 2023-2024 figures
Merit-Based Aid
Freshmen Receiving Merit Aid
7%
Average Merit Award
$5,705/yr
Cost of Attendance
Tuition & Fees$40,188
Room & Board$13,030
Books & Supplies$1,840
Total Estimated Cost$58,280
Frequently Asked Questions
Does Penn State University offer merit scholarships?
Yes. Based on CDS data, 7% of incoming freshmen receive merit-based awards with an average of $5,705 per year. Merit aid is awarded based on academic achievement and other criteria independent of financial need.
How much financial aid does Penn State University give?
Aid packages vary by family income and academic record. Use Penn State University's Net Price Calculator on their financial aid website for a personalized estimate.