Understanding William Penn University Tuition, Fees, and Financial Aid

For students considering higher education, understanding the costs associated with attending a university is crucial. This article provides a comprehensive overview of the tuition, fees, and financial aid options available at William Penn University. It aims to break down the numbers and provide prospective students and their families with a clear picture of the investment required and the resources available to help manage those costs.

Tuition and Fees: The Sticker Price

The annual tuition to attend William Penn University is $28,750. This cost is the same for both in-state and out-of-state students, offering a consistent pricing structure regardless of residency. William Penn University's tuition is $29,750. Compared with the national average cost of tuition of $47,097, William Penn University is cheaper. These figures, often referred to as the "sticker price," include both tuition and fees. Fees may cover a range of services, including library access, student gym facilities, student centers, technology resources, and campus health centers.

Historical Tuition Costs and Growth

In 2023, the median undergraduate tuition at William Penn University is $28,750, which is $4,175 more than the national average for Masters Colleges and Universities ($24,575). The cost of tuition at William Penn University was $28,750 in 2023. The cost of tuition at William Penn University is $4,175 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575). In 2023, undergraduate tuition was $28,750, reflecting a 3.42% growth from 2022.

Additional Expenses: Beyond Tuition

While tuition is a significant expense, it's essential to consider other costs associated with attending William Penn University. Room and board fees are an additional $7,712. On-campus room and board is provided by the school at a cost of $7,712 per academic year. If living on-campus, students should budget for $5,834 in additional living expenses. In 2023, the average yearly cost of room and board at William Penn University was $7,206. The cost of room and board increased by 4.53% between 2022 and 2023. During the same period, the average yearly cost of books and supplies was $1,390. The cost of books and supplies increased by 5.46% during the same period.

Other costs to factor in include:

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Books and Supplies: $1,220 per year.
Personal Expenses: $3,570 per year.
Transportation: $2,138 per year.

These figures, combined with tuition and fees, represent the total cost of attendance.

Total Cost vs. Net Price

As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost.

Financial Aid: Making Education Accessible

William Penn University recognizes that the cost of education can be a barrier for many students. To address this, the university offers a range of financial aid options, including grants, loans, scholarships, and work-study jobs.

Understanding Financial Aid Packages

Financial aid packages vary depending on a student's financial need. Most colleges determine financial need based on your FAFSA. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Types of Financial Aid

Grants: These are typically need-based and do not need to be repaid.
Loans: These must be repaid with interest.
Scholarships: These are awarded based on merit, talent, or other criteria and do not need to be repaid.
Work-Study: This program allows students to earn money through part-time jobs on campus.

Financial Aid Statistics at William Penn University

In 2023 William Penn University had an average net price - the price paid after factoring in grants and loans - of $22,361. Between 2022 and 2023, the average net price of William Penn University grew by 6.88%. In 2023, 95% of undergraduate students at William Penn University received financial aid through grants or loans. This represents a decline of 1.04% with respect to 2022, when 96% of undergraduate students received financial aid. 100% of full-time undergrad William Penn University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $18,434 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. Federal Government. The average Pell Grant awarded for 2019/2020 was $5,054.

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Average Net Price: In 2023 William Penn University had an average net price - the price paid after factoring in grants and loans - of $22,361. Between 2022 and 2023, the average net price of William Penn University grew by 6.88%.
Students Receiving Financial Aid: Not available
Average Aid Package: $19,571

Financial Aid Application Process

The first step in applying for financial aid is to complete the Free Application for Federal Student Aid (FAFSA).

Application Due Date: July 1
Priority Application Due Date: Not available
Notification Date: January 15
Response Due: Not available

Net Price Calculator

Use the college’s Net Price calculator for the most accurate estimate of your net price. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies.

Understanding Student Loan Debt

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At William Penn University, the median federal loan debt among borrowers who completed their undergraduate degree is $22,415. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $238.

Student Loan Default Rate

In 2022 the default rate for borrower's at William Penn University was 0%, corresponding to 0 out of the 375 total borrowers.

Academic Programs and Outcomes

In 2023, 321 degrees were awarded across all undergraduate and graduate programs at William Penn University. 55.1% of these degrees were awarded to women, and 44.9% awarded men. The most common race/ethnicity group of degree recipients was white (194 degrees), 4.62 times more than then the next closest race/ethnicity group, hispanic or latino (42 degrees).

In 2023, the most common bachelors degree concentration at William Penn University was Elementary Education & Teaching with 62 degrees awarded.

Graduation and Retention Rates

In 2023, 22% of students graduating from William Penn University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 32% completed their degrees within 150% of the normal time, and 32% within 200%. The retention rate for full-time undergraduates at William Penn University was 56%.

Admissions and Enrollment

William Penn University received 1,112 undergraduate applications in 2023, which represents a 12% annual growth. Out of those 1,112 applicants, 634 students were accepted for enrollment, representing a 57% acceptance rate. There were 1,536 students enrolled at William Penn University in 2023. 16% of first-time enrollees submitted SAT scores with their applications.

Student Body Composition

The enrolled student population at William Penn University, both undergraduate and graduate, is 56.5% White, 16.3% Black or African American, 10% Hispanic or Latino, 5.53% Two or More Races, 0.977% American Indian or Alaska Native, 0.911% Native Hawaiian or Other Pacific Islanders, and 0.456% Asian.

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