University of Pennsylvania

www.upenn.edu

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2023 Undergraduate Tuition

$58,620

4.28% growth from 2022

2023 Average Net Price

$26,017

After Financial Aid

2020 Default Rate

0.0808%

on Student Loans

2023 Acceptance Rate

5.87%

59,465 Applicants

2023 Enrolled Students

28,711

83.4% Full-Time

2023 Graduation Rate

96.8%

2,335 Graduates

About

University of Pennsylvania is a higher education institution located in Philadelphia County, PA. In 2023, the most popular Masters Degree concentrations at University of Pennsylvania were General Computer & Information Sciences (596 degrees awarded), General Business Administration & Management (505 degrees), and Entrepreneurial Studies (330 degrees).

In 2023, 11,126 degrees were awarded across all undergraduate and graduate programs at University of Pennsylvania. 55% of these degrees were awarded to women, and 45% awarded men. The most common race/ethnicity group of degree recipients was white (3,741 degrees), 1.84 times more than then the next closest race/ethnicity group, asian (2,028 degrees).

The median undergraduate tuition at University of Pennsylvania is $58,620, which is $27,617 more than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at University of Pennsylvania was 0.0808%, corresponding to 2 out of the 2,476 total borrowers.

Photo by InSapphoWeTrust

Doctoral Universities: Highest Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at University of Pennsylvania is $58,620, which is $27,617 more than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $26,017.

In 2023, 51% of undergraduate students attending University of Pennsylvania received financial aid through grants. Comparatively, 10% of undergraduate students received financial aid through loans.

Tuition Costs

$58,620

2023 Undergraduate Tuition

In 2023, the cost of tuition at University of Pennsylvania was $58,620. The cost of tuition at University of Pennsylvania is $27,617 more than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of University of Pennsylvania (in red) with those of other similar universities.

Average Net Price

$26,017

2023 Value

0.406%

1 Year Growth

In 2023 University of Pennsylvania had an average net price — the price paid after factoring in grants and loans — of $26,017. Between 2022 and 2023, the average net price of University of Pennsylvania grew by 0.406%.

This chart compares the average net price of University of Pennsylvania (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$16,586

Room and Board

$1,358

Books and Supplies

The average yearly cost of room and board at University of Pennsylvania was of $16,586 in 2023. The cost of room and board increased by 4.29% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,358. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Pennsylvania (in red) with that of similar universities.

Financial Aid by Income Level

51%

Undergraduates Receiving Financial Aid through Grants

10%

Undergraduates Receiving Financial Aid through Loans

51% of undergraduate students at University of Pennsylvania received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 51% of undergraduate students received financial aid.

This chart compares the average award discount at University of Pennsylvania (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.0808%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at University of Pennsylvania was 0.0808%, which represents 2 out of the 2476 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

University of Pennsylvania received 59,465 undergraduate applications in 2023, which represents a 8.93% annual growth. Out of those 59,465 applicants, 3,489 students were accepted for enrollment, representing a 5.87% acceptance rate.

There were 28,711 students enrolled at University of Pennsylvania in 2023. 51% of first-time enrollees submitted SAT scores with their applications.

University of Pennsylvania has an overall enrollment yield of 69.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

5.87%

Acceptance Rate in 2023

3,489

Accepted Out of 59,465

In 2023, the undergraduate acceptance rate of University of Pennsylvania was 5.87% (3,489 admissions from 59,465 applications). This is lower than the acceptance rate of 2022, which was 6.5%. Between 2022 and 2023, the number of applicants grew by 8.93%, while admissions declined by 1.69%.

This chart compares the acceptance rate of University of Pennsylvania (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

51%

Submission Percentage (2023)

1,225

Scores Submitted (2023)

51% of enrolled first-time students at University of Pennsylvania in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

University of Pennsylvania had a total enrollment of 28,711 students in 2023. The full-time enrollment at University of Pennsylvania is 23,948 students and the part-time enrollment is 4,763. This means that 83.4% of students enrolled at University of Pennsylvania are enrolled full-time.

The enrolled student population at University of Pennsylvania, both undergraduate and graduate, is 29.8% White, 19.4% Asian, 8.02% Hispanic or Latino, 6.88% Black or African American, 3.38% Two or More Races, 0.0801% American Indian or Alaska Native, and 0.0313% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Pennsylvania in full-time Undergraduate programs are most commonly White Female (15.5%), followed by Asian Female (15%) and White Male (14.1%). Students enrolled in full-time Graduate programs are most commonly White Female (17.2%), followed by White Male (12.6%) and Asian Female (8.22%).

Full-Time vs Part-Time Enrollment

83.4%

Full-Time Enrollment

The total enrollment at University of Pennsylvania in 2023, both undergraduate and graduate, is 28,711 students. The full-time enrollment at University of Pennsylvania is 23,948 and the part-time enrollment is 4,763. This means that 83.4% of students enrolled at University of Pennsylvania are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at University of Pennsylvania (in red) compares to similar universities.

Retention Rate over Time

98%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at University of Pennsylvania was 98%. Compared with the full-time retention rate at similar Doctoral Universities (84%), University of Pennsylvania had a retention rate higher than its peers.

This chart shows the retention rate over time at University of Pennsylvania (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
8,542 enrolled students
Asian
5,559 enrolled students
Hispanic or Latino
2,302 enrolled students

The enrolled student population at University of Pennsylvania is 29.8% White, 19.4% Asian, 8.02% Hispanic or Latino, 6.88% Black or African American, 3.38% Two or More Races, 0.0801% American Indian or Alaska Native, and 0.0313% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 2,444 students (8.51%) did not report their race.

Graduates

In 2023, 1,112 more women than men received degrees from University of Pennsylvania. The most common race/ethnicity group of degree recipients at University of Pennsylvania is white (3,741 degrees awarded). There were 1.84 times more white recipients than the next closest race/ethnicity group, asian (2,028 degrees).

The most common Masters Degree concentration at University of Pennsylvania is General Computer & Information Sciences (596 degrees awarded), followed by General Business Administration & Management (505 degrees) and Entrepreneurial Studies (330 degrees).

In 2023, the most specialized majors across all degree types at University of Pennsylvania, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Architecture and Related Services (244 degrees awarded), Philosophy and Religious Studies (203 degrees), and Interdisciplinary Studies (826 degrees).

Common Jobs by Major

Architects, except landscape and naval

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Architects, except landscape and naval (107,821 people), Other managers (104,671 people), Postsecondary teachers (84,952 people), Software developers (83,768 people), and Elementary & middle school teachers (83,253 people).

The most specialized majors at University of Pennsylvania in 2023 are Architecture and Related Services (244 degrees awarded), Philosophy and Religious Studies (203 degrees), Interdisciplinary Studies (826 degrees), Legal (408 degrees), and Math & Statistics (259 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at University of Pennsylvania are Architecture and Related Services (244 degrees awarded), Philosophy and Religious Studies (203 degrees), Interdisciplinary Studies (826 degrees), Legal (408 degrees), and Math & Statistics (259 degrees) (as of 2023).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at University of Pennsylvania are Colleges, universities & professional schools, including junior colleges (275,468 people), Elementary & secondary schools (241,172 people), Computer Systems Design (149,187 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (113,542 people), and Scientific research & development services (77,949 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by University of Pennsylvania.

Most Common (2023)

General Computer & Information Sciences
596 degrees awarded
General Business Administration & Management
505 degrees awarded
Entrepreneurial Studies
330 degrees awarded

In 2023, the most common masters degree concentration at University of Pennsylvania was General Computer & Information Sciences with 596 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from masters degree programs at University of Pennsylvania according to their major.

Sex Breakdown for Common Majors

5,007

Degrees Awarded to Men

in 2023

6,119

Degrees Awarded to Women

in 2023

In 2023, 5,007 degrees were awarded to men at University of Pennsylvania, which is 0.818 times less than the number of degrees awarded to females (6,119).

This chart displays the sex disparity between the top 5 majors at University of Pennsylvania by degrees awarded.

Most Common Male Majors

In 2023, 510 degrees were awarded to men at University of Pennsylvania in General Computer & Information Sciences, which is 1.78 times more than the 286 female recipients with that same degree.

Most Common Female Majors

In 2023, 286 degrees were awarded to men at University of Pennsylvania in General Computer & Information Sciences, which is 0.561 times less than the 510 male recipients with that same degree.

Time to Complete

89%

100% Completion Time

96%

150% Completion Time

In 2023, 89% of students graduating from University of Pennsylvania completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 96% completed their degrees within 150% of the normal time, and 97% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at University of Pennsylvania is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.01% of graduates (47 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
3,741 degrees awarded
Asian
2,028 degrees awarded
Hispanic or Latino
665 degrees awarded

The most common race/ethnicity at University of Pennsylvania is white (3,741 degrees awarded). There were 1.84 times more white recipients than the next closest race/ethnicity group, asian (2,028 degrees).

4.44% of degree recipients (494 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
2,047 degrees awarded
White Male
1,694 degrees awarded
Asian Female
1,094 degrees awarded

The most common race/ethnicity and sex grouping at University of Pennsylvania is white female (2,047 degrees awarded). There were 1.21 times more white female recipients than the next closest race/ethnicity group, white male (1,694 degrees).

Operations

University of Pennsylvania has an endowment valued at nearly $21B, as of the end of the 2023 fiscal year. The return on its endowment was of 364M (1.74%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, University of Pennsylvania had a total salary expenditure of 13.9B. University of Pennsylvania employs 615 Professors, 349 Lecturers and 252 Assistant professors. Most academics at University of Pennsylvania are Male Professor (424), Female Lecturer (205), and Female Professor (191).

The most common positions for non-instructional staff at University of Pennsylvania are: Management, with 2,259 employees, Computer, Engineering, and Science, with 1,210 employees, and Office and Administrative Support with 1,120 employees.

Endowment

$21B

2023 Endowment

1.15%

growth from 2022

University of Pennsylvania has an endowment valued at about $21B, as of the end of the 2023 fiscal year. The endowment of University of Pennsylvania grew 1.15% from the previous year. The value of their endowment was $20.5B higher than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Pennsylvania (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Highest Research Activity Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$938M - Federal
$24.3M - State
$4.57M - Local

As of 2023, University of Pennsylvania received $938M in grants and contracts from the federal government, $24.3M from state grants and contracts, and $4.57M from local grants and contracts.

Salary Expenditure

$6.05B

2023 Salaries

7.03%

growth from 2022

In 2023, University of Pennsylvania paid a median of $6.05B in salaries, which represents 43.6% of their overall expenditure ($13.9B) and a 7.03% growth from the previous year. This is compared to a 10.3% growth between 2021 and 2022, and a 3.96% growth between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$278M

Instructional Salaries

1,464

Number of Employees

In 2023, University of Pennsylvania paid a total of $278M to 1,464 employees working as instructors, which represents 4.59% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

615 Employees

Management

Most Common Non-Instructional Employee

2,259 Employees

In 2023, the most common positions for instructional staff at University of Pennsylvania were Professor with 615 employees, Lecturer with 349 employees, and Assistant professor with 252 employees.

In 2023, the most common positions for non-instructional staff at University of Pennsylvania were Management with 2,259 employees, Computer, Engineering, and Science with 1,210 employees, and Office and Administrative Support with 1,120 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Lecturer
Female Professor

In 2023, the most common demographic for instructional staff at University of Pennsylvania was Male Professor with 424 employees, Female Lecturer with 205 employees, and Female Professor with 191 employees.

This chart shows the sex split between each academic rank present at University of Pennsylvania.

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