Total Undergraduate Charges: 4.8 Percent Increase for 2003-2004
Total undergraduate charges
for tuition, fees, room and board at
Penn will increase 4.8% for the 2003-2004
academic year from $36,212 in 2002-2003
to $37,960 in 2003-2004. The increase
was approved on Friday by the Trustees.
Tuition and general fees
for undergraduate students for the
2003-2004 academic year will increase
4.8%, from $27,988 to $29,318; average
room and board charges will increase
5.1%, from $8,224 to $8,642, yielding
an increase in total charges of 4.8%.
Total charges at Penn for
the 2003-2004 academic year are in
line with those at other institutions
in the Ivy League, based on charges
already announced at Brown, Cornell,
Dartmouth and Yale. (See charts below).
"Despite the challenges we
are facing in these uncertain economic
times, we have remained committed to
keeping tuition increases as low as
possible, while at the same time continuing
to offer our students an education
that is among the very best available," said
President Judith Rodin. "Furthermore,
our need blind admissions policy maintains
our commitment to keeping a Penn undergraduate
education accessible to the best and
brightest students in the nation and
in the world regardless of their economic
circumstances."
"In the coming year, Penn
will continue its long-standing policy
to admit students based on academic
achievement, without regard for their
ability to pay," Dr. Rodin said. For
those students who matriculate with
a demonstrated financial need, Penn
creates financial aid packages that
meet the full extent of the students'
need for a full four years.
"The University is projecting
an increase of 7.5 % in its need-based
undergraduate grants and scholarships
in the coming year," Dr. Rodin said.
Since 1997-1998, the percentage of
the average freshman aid package met
by grants has increased from 67.7%
to 76%, while the average loan as a
percentage of total aid has declined
from 22.9 % to 13.8%. The average freshman
grant increased by 39% during this
same period.
Roughly 30% of the University's
aided freshmen will have their need
met without any expected student loan.
Penn will continue, for the
fourth year, the Summer Savings Waiver
Program, which provides grants to offset
the normal summer self-help work contribution
requirement of students who participate
in unpaid or low-paying community service
or career-related activity over the
summer.
Penn continues to experience
exceptional demand from the nation's
top high school graduates, receiving
18,797 applications for 2,385 places
in its undergraduate program.
Penn's resources are dedicated
to achieving the goals of Building
on Excellence: The Leadership Agenda,
the University's guidelines for excellence
through 2007. These include:
- Continuing recruitment of top faculty in social science, physical science,
information science and the humanities.
- Building upon Penn's special strengths to develop academic priorities
that will include urbanism,
the life sciences, technology
innovation, a global strategy
and innovative, interdisciplinary
cultural programs and curricular
development.
- Sustaining excellence in all undergraduate education programs, through
continued enhancements to
Penn's innovative College
House undergraduate residential
living-learning program,
in which undergraduate houses
are led by resident faculty
members and academic support
services and student-led
co-curricular programs are
organized and provided in
residence.
- Defining the future of education by adapting Penn's pedagogical methods
to the learning needs of
current and future generations.
- Developing further the physical, financial, operational and entrepreneurial
capacities to sustain the
academic enterprise.
Academic
Year 2003-2004
Undergraduate
Tuition, Fees and Room & Board Increases
|
Approved
2002-2003
|
Approved
2003-2004
|
Increase
|
%Change
|
|
Total
Charges |
$36,212 |
$37,960 |
$1,748 |
4.8% |
|
Tuition |
$25,078 |
$26,282 |
$1,204 |
4.8% |
|
Fees |
$
2,910 |
$
3,036 |
$
126 |
4.3% |
|
Room & Board* |
$
8,224 |
$
8,642 |
$ 418 |
5.1% |
|
*
2002-2003 based on average
standard room and average
meal plan
|
Comparative
Basis on Change in Room and Board Charges
|
Restated
Basis
2002-2003 |
Approved
2003-2004 |
Increased |
%Change |
|
Total
Charges |
$36,480 |
$37,960 |
$1,480 |
4.1% |
|
Tuition |
$25,078 |
$26,282 |
$1,204 |
4.8% |
|
Fees |
$
2,910 |
$
3,036 |
$
126 |
4.3% |
|
Room & Board* |
$
8,492 |
$
8,642 |
$
150 |
1.8% |
|
*
2002-2003 based on median
room and Platinum meal plan |
Undergraduate Total Charges Annual % Change
|
.
|
99-00/
98-99
|
00-01/
99-00
|
01-02/
00-01
|
02-03/
01-02
|
03-04/
02-03 *
|
.
|
Av. Ann. Chg.
1999-2004
|
|
Washington
|
5.5%
|
3.5%
|
6.5%
|
6.6%
|
5.5%
|
7.2%
B
|
5.5%
|
|
Northwester
|
4.2%
|
5.0%
|
5.0%
|
5.8%
|
5.5%
|
. |
5.1%
|
|
Stanford
|
3.6%
|
4.9%
|
5.5%
|
4.9%
|
4.9%
|
. |
4.8%
|
|
Cornell
|
4.3%
|
4.6%
|
4.9%
|
5.6%
|
4.1%
|
5.3%
B
|
4.7%
|
|
NYU
|
3.7%
|
4.4%
|
4.9%
|
5.3%
|
4.6%
|
|
|
|
M.I.T
|
3.6%
|
4.2%
|
3.7%
|
4.6%
|
6.2%
|
|
4.5%
|
|
Johns
Hopkins
|
3.9%
|
5.0%
|
4.8%
|
4.3%
|
4.6%
|
|
4.5%
|
|
Chicago
|
3.7%
|
4.3%
|
4.4%
|
5.1%
|
|
|
4.4%
|
|
Georgetown
|
3.6%
|
4.0%
|
4.6%
|
5.0%
|
|
. |
4.3%
|
|
Penn
|
3.7%
|
3.4%
|
4.9%
|
4.6%
|
4.8%
|
4.1% A
|
4.3%
|
|
Dartmouth
|
3.8%
|
3.8%
|
3.8%
|
4.4%
|
5.0%
|
|
4.2%
|
|
Columbia
|
3.9%
|
3.6%
|
3.8%
|
4.4%
|
4.0%
|
|
|
|
Duke
|
3.2%
|
3.7%
|
4.2%
|
3.9%
|
5.0%
|
|
4.0%
|
|
Brown
|
3.9%
|
3.9%
|
3.6%
|
4.6%
|
4.4%
|
|
4.1%
|
|
Harvard
|
3.3%
|
2.9%
|
3.5%
|
4.9%
|
3.7%
|
|
|
|
Princeton
|
3.5%
|
3.3%
|
3.4%
|
4.0%
|
4.5%
|
|
3.7%
|
|
Yale
|
2.9%
|
2.9%
|
3.5%
|
3.9%
|
4.6%
|
|
3.6%
|
|
16 School Average (excluding Penn)
|
4.8%
|
|
4.4%
|
|
13 School Average (excluding Penn, Harvard, Yale, Princeton)
|
5.0%
|
. |
4.5%
|
|
*Before/After restated charges
|
Academic
Year 2003-2004
Peer
Institution Undergraduate Charges Comparison
|
|
2002-03
Total
|
2003-04
Total
|
%Change vs.
2002-03
|
|
Washington
U.
|
$36,869
|
$38,909
|
5.5%
|
|
NYU
|
37,076
|
38,744
|
4.5%*
|
|
Columbia
|
36,752
|
38,406
|
4.5%*
|
|
Chicago
|
36,698
|
38,349
|
4.5%*
|
|
M.I.T.
|
36,060
|
38,310
|
6.2%
|
|
Cornell
|
36,767
|
38,283
|
4.1%
|
|
Georgetown
|
36,545
|
38,190
|
4.5%*
|
|
Penn
|
36,212
|
37,960
|
4.8%
|
|
Brown
|
36,356
|
37,942
|
4.4%
|
|
Johns
Hopkins
|
36,220
|
37,888
|
4.6%
|
|
Stanford
|
36,123
|
37,875
|
4.9%
|
|
Dartmouth
|
35,988
|
37,770
|
5.0%
|
|
Harvard
|
35,950
|
37,568
|
4.5%*
|
|
Duke
|
35,765
|
37,555
|
5.0%
|
|
Northwestern
|
35,505
|
37,491
|
5.5%
|
|
Yale
|
35,370
|
37,000
|
4.6%
|
|
Princeton
|
35,132
|
36,709
|
4.5%
|
|
.
|
Before/
After Restatement
|
2003-04 Tuition/Fees
|
2003-04 Room/Board
|
|
Washington
U.
|
7.2%
Before
|
$29,053
|
$9,856
|
|
NYU
|
.
|
.
|
.
|
|
Columbia
|
.
|
.
|
.
|
|
Chicago
|
.
|
.
|
.
|
|
M.I.T.
|
.
|
29,600
|
8,710
|
|
Cornell
|
5.3%
Before
|
28,754
|
9,529
|
|
Georgetown
|
.
|
.
|
.
|
|
Penn
|
4.1% After
|
29,318
|
8,642
|
|
Brown
|
.
|
29,846
|
8,096
|
|
Johns
Hopkins
|
.
|
28,730
|
9,158
|
|
Stanford
|
.
|
28,802
|
9,073
|
|
Dartmouth
|
-
|
29,145
|
8,625
|
|
Harvard
|
.
|
.
|
.
|
|
Duke
|
.
|
29,345
|
8,210
|
|
Northwestern
|
.
|
28,524
|
8,967
|
|
Yale
|
.
|
28,400
|
8,600
|
|
Princeton
|
.
|
28,600
|
8,109
|
*
Not yet announced. 2003-04 Total is based
on 4.5% projected increase.
FY
2003 Academic Budget: Total Revenue
by Source
|
