# Penn’s Quaker Commitment expands financial aid for middle-income families

**Source**: https://admissions.upenn.edu/visit-connect/penn-perspectives/blog/penns-quaker-commitment-expands-financial-aid-middle-income-families
**Parent**: https://admissions.upenn.edu/first-gen-support

Penn Admissions
 | 
November 20, 2024

Last month, Penn shared [changes to our financial aid application](/visit-connect/penn-perspectives/blog/changes-financial-aid-application-designed-make-process-easier-students-families) to ensure the process was as simple and easy to follow as possible. *And guess what? We didn’t stop there!*

Yesterday, [Penn announced the Quaker Commitment](https://penntoday.upenn.edu/news/penn-expands-financial-aid-middle-income-families), a comprehensive financial aid initiative aimed at supporting families from middle-and-upper-middle-income backgrounds. The main changes are that Penn is no longer considering primary home equity when determining your eligibility for financial aid, and families who make up to $200,000 (with typical assets) are now eligible to receive financial aid packages that cover at-minimum full tuition. The prior income threshold for this guarantee was $140,000.

*So, what does this mean for you?* Let’s break it down further.

The graphic below combines the new elements for middle-income families with our existing commitment to low-income families through the Penn First Plus program, all built on our foundational approach to meet 100% of demonstrated need with no loans. Thanks to the Quaker Commitment, these are now the four main things you need to know about financial aid at Penn starting with the 2025-2026 school year (*that’s right – if you’re applying to Penn this year, you’ll be able to benefit from these changes right away!*):

- **Penn will meet 100% of need. No loans.**\
  *Here’s something that’s not changing: your financial aid package will still meet 100% of your demonstrated need with grants and work-study funds.*
- **Home equity not included.**\
  The value of your primary family home\* is not considered when assessing your aid eligibility.
- **Grants that cover at least tuition.**\
  Families with incomes of up to $200,000\* receive financial aid that covers at least tuition.
- **Grants that cover your main costs.**\
  Families with incomes of up to $75,000 receive financial aid that covers tuition, fees, housing, and dining.

*\*for families with typical assets*

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