Student Aid

More than 68 percent of Penn State students receive some type of financial aid.

Types of Aid

Penn State’s Office of Student Aid is the main resource for questions related to paying for your education. They oversee the distribution of loans, grants, work study and scholarships, with loans being the most common financing method.

Undergraduate Student Aid Funding at Penn State

Penn State Undergraduate Student Aid Funding based on 2019-2020 data:
Type of aid Percentage of the aid awarded
Loans 60%
Grants 19%
University scholarships 13%
Private scholarships 6%
Work-Study <1.0%

Applying for Aid

To be considered for any student aid, including merit-based scholarships, students must submit a Free Application for Federal Student Aid, or FAFSA. Here are the important dates to keep in mind for first-year students:

Penn State recommends that the Free Application for Federal Student Aid (FAFSA) be submitted to receive maximum consideration for all types of student aid. The FAFSA is available online at The 2024-25 FAFSA will be available sometime in December 2023, and we encourage all students new to Penn State to log into this application on or after January 1, 2024, and complete and submit the application by February 15, 2024, to ensure maximum consideration for all types of aid.

Please visit the Office of Student Aid website for more information about the student aid process and for specific deadlines.

Students enrolling in the summer session will have to submit the prior year’s FAFSA in order to be considered for financial aid for that session. This FAFSA is due June 30.

More details about applying for aid are available from the Office of Student Aid. Start by selecting your enrollment period.