# How does Penn determine my financial need?
**Source**: https://ask.admissions.upenn.edu/support/solutions/articles/157000361200-how-does-penn-determine-my-financial-need-
**Parent**: https://ask.admissions.upenn.edu/support/solutions/folders/157000938444
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# How does Penn determine my financial need?
Modified on Fri, 1 Aug, 2025 at 3:46 PM
Penn uses all of the financial information that you and your family submit on the FAFSA, CSS Profile, and any supporting documents (tax returns, etc.) to determine your Expected Family Contribution (EFC). Penn then compares your EFC to your [cost of attendance,](https://srfs.upenn.edu/costs-budgeting/undergraduate-cost-attendance) which represents the full cost of attending Penn for a year. Your financial need is the difference between your cost of attendance and your EFC. Penn meets your full demonstrated financial need with no-loan funding and work-study.
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## Articles in this folder -
- [How do I apply for financial aid?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361103-how-do-i-apply-for-financial-aid-)
- [How do I submit financial aid documents?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361107-how-do-i-submit-financial-aid-documents-)
- [When will I learn how much financial aid I am receiving?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361130-when-will-i-learn-how-much-financial-aid-i-am-receiving-)
- [How can domestic students learn how much aid they might receive?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361142-how-can-domestic-students-learn-how-much-aid-they-might-receive-)
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- [Does Penn consider my ability to pay when making admissions decisions?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361174-does-penn-consider-my-ability-to-pay-when-making-admissions-decisions-)
- [What does Penn mean by grant-based aid? Does this mean I will never take out a loan?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361184-what-does-penn-mean-by-grant-based-aid-does-this-mean-i-will-never-take-out-a-loan-)
- [Is standardized testing required to be eligible for scholarships?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361110-is-standardized-testing-required-to-be-eligible-for-scholarships-)
- [How do outside scholarships affect my financial aid?](https://ask.admissions.upenn.edu/support/solutions/articles/157000361214-how-do-outside-scholarships-affect-my-financial-aid-)
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