A Named Scholarship results from the charitable gifts of Penn alumni and friends who have chosen to help an undergraduate student finance their Penn education. If you have a Named Scholarship on your financial aid notice (i.e. Ben Franklin Endowed Scholarship) that means a sponsor is directly supporting your time at Penn. Some scholarships are designated because of the specific criteria that you meet (your hometown, your major, etc.). Named scholarships are all need-based.
Eligibility Criteria/ Scholarship Guidelines
Students receiving named scholarships are invited to a special event during New Student Orientation that instructs the Named Scholarship Program in greater detail. You will be asked to write a short thank-you note to your donor each year, and you may be invited to an annual reception either on campus or in New York City to meet your scholarship donor.
To be eligible for federal aid, you must file a FAFSA, make satisfactory academic progress, not be in default on a Federal loan, and not owe a refund on a Federal Pell Grant or Federal Supplemental Educational Opportunity Grant (FSEOG). International students are normally not eligible for federal funding.
To be eligible for institutional funds, you must complete a CSS Profile and the Penn Financial Aid Supplement (PFAS), as well as submit the required federal income tax return information.