univstats
Number Received Financial Aid (All Undergraduate) 22,591
Percent Received Financial Aid(All Undergraduate) 56%
Average Aid Amount $11,574
Number Received Financial Aid (Freshmen) 5,816
Percent Received Financial Aid (Freshmen) 68%

Financial Aid Information at Penn State

For the academic year 2021-2022, a total of 22,591 students (56% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $11,574. For freshmen (Full-time, first-time degree-seeking undergraduate students), 5,816 students (68% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Pennsylvania State University-Main Campus is $20,234 for Pennsylvania residents and $40,188 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 22,591 students (56% of all students) have received grants or scholarships and the average received aid amount is $11,574. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Pennsylvania State University-Main Campus for all undergraduate students.
Undergraduate Student Financial Aid at Pennsylvania State University-Main Campus
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid22,59156%$11,574
Pell Grants5,60014%$5,095
Federal Student Loans16,15140%$6,442

Beginning Students Financial Aid

a total of 5,816 beginning students (68% of all freshmen) have received any financial aid and 5,415 students (63% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Pennsylvania State University-Main Campus.
Beginning Students (Freshmen) Financial Aid at Pennsylvania State University-Main Campus
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid5,81668%-
Grants or Scholarship from All Sources3,75744%$10,066
Federal Grants2,74832%$4,147
Pell Grants1,19714%$5,044
Other Federal Grants2,70332%$1,982
State/Local Grants8109%$4,258
Institutional Grants2,50629%$9,167
Student Loans4,01947%$13,414
Federal Student Loans3,85545%$5,354
Other Student Loans1,26815%$26,238

Students Headcount by Living Status

For academic year 2021-2022, total 1,896 full-time beginning students have enrolled and attended Pennsylvania State University-Main Campus. Among them, 1,712 students have lived on campus and 18 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at Pennsylvania State University-Main Campus
Living Status201920202021
Living On-Campus2,5011,6891,712
Living Off-Campus with Family797779
Living Off-Campus without Family171518

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at Pennsylvania State University-Main Campus
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level2,6121,352$15,216,584$5,826
$0 - $30,000268267$4,711,535$17,580
$30,001 - $48,000208206$3,134,009$15,067
$48,001 - $75,000293274$3,197,200$10,912
$75,001 - $110,000381235$1,675,415$4,397
$110,001 or more1,462370$2,498,425$1,709