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Penn College Scholarship Campaign Raises $6.4 Million

Capping a year of celebration to commemorate the Centennial anniversary of Pennsylvania College of Technology, the institutionís most significant fundraising effort more than doubled its original goal, raising $6.4 million in private scholarship support. The success of the Penn College Scholarship Campaign will allow the Penn College Foundation to provide more than twice the amount of scholarship aid to students than it did prior to the launch of the campaign in 2011.
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Financial Need at Penn College

  • More than 30% of Penn College students come from households with an annual income of less than $30,000.
  • Approximately 78% of Penn College students receive some type of financial aid, However, less than 10% of our students currently receive privately funded scholarships administered by the Penn College Foundation.
  • Among those students who do receive scholarship support, the average award is less than $1,500 per academic year, while the estimated cost of tuition, fees, housing, meals, and books is more than $25,000.
  • The average unmet financial need for a Penn College student is $9,200 per academic year. This gap is typically bridged by loans, leading to an average of $31,900 in education-related debt accumulated by a graduating senior.

The Pennsylvania College of Technology Foundation, Inc. and Pennsylvania College of Technology are non-profit 501(C)(3) tax exempt organizations.

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