Best Scholarships for Penn State Students

Pennsylvania State University (Penn State or PSU) has a campus located in State College, PA, and has several highly ranked programs, so if you find yourself among their first-year students in the coming academic year, you can be sure that your education is in good hands. Even though all of the students accepted to PSU are high-achieving and exceptional students, the amount of tuition expected to be paid varies greatly depending on the campus you attend and whether you’re an in- or out-of-state student. 

The cost of this quality education can be a little staggering. That’s why scholarships are important for anyone pursuing an education, no matter where they attend.

To help prospective and current students navigate the many scholarship opportunities available, we’ve done the research and created this guide. Our list of scholarships includes a range tailored to different needs—whether you’re a high-achieving first-year applicant, a transfer student, or someone with demonstrated financial need. In addition to highlighting specific scholarship opportunities, we’ve included tips to help you maximize your chances of winning awards and FAQs to address common questions about applying for scholarships at Penn State.

Want to find more financial aid opportunities? Check out our list of scholarships and grants.

Types of Penn State Scholarships Available

Here are some key types of scholarships to consider:

Merit-Based Scholarships

Merit-based scholarships often require a high GPA or impressive standardized test scores and may include competitive programs for exceptional students.

Need-Based Scholarships

Need-based scholarships are designed for students who demonstrate financial need.  

Program-Specific Scholarships

Many academic departments at Penn State offer scholarships for students pursuing specific majors or career paths. For example, engineering, business, or arts programs may have exclusive funding opportunities for students in those fields.

Athletic Scholarships

Penn State provides scholarships to student-athletes who demonstrate exceptional talent in their sport.

Alumni Scholarships

These scholarships are funded by Penn State alumni associations to support current students.

External Scholarships

Students at Penn State are also encouraged to apply for scholarships from external organizations.

Penn State Specific Scholarships and Grants

Penn State offers a variety of scholarships and grants to help students finance their education, ensuring that financial barriers don’t stand in the way of academic success. Whether you’re an undergraduate, graduate, or continuing student, there are numerous opportunities tailored to meet the needs of Penn State’s diverse student body.

Penn State Academic Grant

The Penn State Academic Grant provides financial assistance to undergraduate students who demonstrate significant financial need. Eligibility is based on FAFSA completion, full-time enrollment in a degree program, and maintaining at least a 2.0 GPA. Due to limited funding, not all eligible students receive this grant, making early application crucial.

Complete the Penn State Program

This program is designed to assist students nearing graduation who encounter unexpected financial challenges. By offering targeted support, advocacy, and connections to key resources, the Complete Penn State Program ensures that students can finish their degrees without disruption.

Pennsylvania State Grant (PHEAA)

Administered by the Pennsylvania Higher Education Assistance Agency (PHEAA), this grant supports undergraduate Pennsylvania residents with demonstrated financial need. Students must complete the FAFSA and meet state-specific requirements to qualify.

College and Campus-Specific Scholarships

Each Penn State campus and college offers its own scholarships tailored to its students. For example:

• College of Engineering Scholarships: Available for engineering students with merit and/or financial need.
• Liberal Arts Academic Scholarships: Need-based awards for students majoring in the liberal arts.
• World Campus Scholarships: Scholarships for online learners, including military students, adult learners, and first-time undergraduates.

How to Find Penn State Scholarships to Apply For

Here are some effective strategies to discover opportunities:

1. Use Online Scholarship Platforms

Many websites are dedicated to compiling scholarship opportunities for students. Platforms like Bold.org allow you to search for scholarships tailored to your needs and qualifications.

2. Meet with an Academic Advisor

Whether you’re a continuing student or a first-year applicant, academic advisors are a valuable resource. Schedule a meeting to discuss available scholarships and awards, as they can guide you to opportunities that align with your academic goals and interests.

3. Visit the Office of Student Aid

A visit to their office or website can uncover additional funding options and news about upcoming opportunities.

Tips for Applying for Penn State Scholarships

1. Write Strong Application Essays

Many scholarships require written components, such as essays or extended responses. To improve your chances:

• Stick to the topic and avoid rambling.
• Provide clear, concise, and thoughtful answers.
• Proofread for grammar and structure to leave a positive impression.

2. Apply for Smaller Awards

While it’s tempting to focus on high-value scholarships, smaller awards often have fewer applicants. These smaller funds can add up and significantly support your educational expenses.

3. Target Scholarships for Specific Applicants

​ These targeted awards often have less competition and align closely with your profile.

Frequently Asked Questions About Penn State Scholarships

1. Are Scholarships Available for First-Year Students at Penn State?

Yes, Penn State offers scholarships specifically for first-year students. These awards may be merit-based, need-based, or program-specific, and many are automatically considered upon admission.

2. Can Current Penn State Students Apply for Scholarships?

Absolutely! Many scholarships for Penn State students are available for continuing students. These can include department-specific awards, need-based funding, or external scholarships from private organizations.

3. Can Both Undergraduate and Graduate Students Apply for Scholarships at Penn State?

Yes, both undergraduate and graduate students at Penn State can apply for scholarships. Undergraduates have access to various merit-based and need-based scholarships, as well as program-specific awards. Undergraduate students and transfer students alike who demonstrate financial need may receive specific student aid packages based on their financial situation. Graduates may find a specific scholarship program based on their field of study, which can range from assistantships to fellowships and scholarships. Search Penn State’s financial aid website or reach out to them directly for the most up-to-date information.

4. Are There Scholarships Specifically for High School Seniors Applying to Penn State?

Yes, high school seniors applying to Penn State are automatically considered for many scholarships during the admissions process. Additional scholarships may require a separate application, particularly for program-specific or external funding opportunities.

5. What Does Demonstrated Financial Need Mean for Scholarship Eligibility?

Demonstrated financial need refers to a student’s financial situation as determined by the Free Application for Federal Student Aid (FAFSA). Scholarships based on financial need aim to assist students whose resources are insufficient to cover Penn State tuition and related costs.

6. What Is the Renaissance Scholarship at Penn State?

The Renaissance Scholarship is a need-based award designed to help students with significant financial need. It provides funding to ease the cost of attendance and support students in completing their education.

7. What Is Penn State World Campus?

Penn State World Campus is the online learning platform of Pennsylvania State University, offering students the flexibility to pursue degrees and certificates from anywhere in the world. Launched in 1998, it provides a wide range of undergraduate, graduate, and professional programs, mirroring the high-quality education offered on Penn State’s physical campuses.

8. What Is Penn State University Park?

University Park is the main and largest campus of Pennsylvania State University, located in State College, Pennsylvania. It serves as the university’s hub of academic, social, and research activities.

Want to know more about how to write a great scholarship application essay? Check out our blog for more details.