At first glance, Penn’s financial aid statistics look pretty good. The Student Financial Services’ fact sheet reveals that 90% of first-generation students receive financial aid. Families with incomes under $75,000 receive full room and board, and families with incomes under $40,000 have the cost of yearly attendance entirely covered by the school. Each year, one hundred percent of “demonstrated” financial need is met, which is no small feat for an institution with over ten thousand students. One could easily assume that this relatively generous financial aid policy would foster socioeconomic diversity.