What is the budget for Penn State 2023?

The land-grant university received $242.1 million in state funds for general support in 2023-24. It is seeking a 52% increase to $368.1 million for the 2024-2025 fiscal year, which starts July 1. (The General Assembly opposed a proposed 7.1% increase last year.)

What is the budget for Penn State University 2023?

Penn State's complete 2023-24 state appropriation totals $344.8 million and breaks down as follows: General Support: $242.1 million, representing level funding from 2022-23.

What is the budget woes for Penn State?

Penn State is taking 18 months to respond to financial challenges, which include changing demographics in the state, a projected $30 million increase in healthcare costs, stagnant funding from the state, tuition rates that haven't kept up with inflation, and inflation costs for goods and services.

What is the budget deficit for Penn State University?

Pennsylvania State University

Having disclosed in a memo sent to campus leaders last February that the institution faced a general funds budget deficit of $140 million, administrators at Penn State University described the university as being “in a vulnerable state” at the time.

How much money does Penn State make a year?

According to its 2023 financial filing, Penn State generated a record $202.2 million in athletics operating revenue while spending a record $202 million. That places Penn State in elite company nationally.

Penn State planning for $94M in budget cuts

What is the budget for Penn State football?

How Penn State football carries financial load. Of course, much of the focus is on football — by far the largest spender and revenue generator. James Franklin's program worked with its largest budget yet at $62 million, an increase from the previous record $57.6 million.

Who funds Penn State University?

Income to support the general funds budget comes from: tuition and fees paid by the student; state appropriations; and other income including facilities administration, investment income, and sales and services of departments.

Why is Penn State more expensive?

Penn State is seeking a $115.2 million increase to its appropriation because, while its total appropriation is larger than the other universities, it teaches more students and therefore receives less per-Pennsylvania student funding than the state's other public institutions.

How much food is wasted at Penn State?

In just Fall 2019 alone, PSU Dining halls at University Park wasted almost 265,000 lbs of food, totaling to about $369,000 of monetary loss.

Is Penn State federally funded?

Penn State is a public university that receives some funding from the government and from taxpayers.

Is Penn State for profit?

Penn State is a public, non-profit University.

What is Penn State ranked in 2023?

Center for World University Rankings 2023

Penn State is ranked 54th among the best universities in the world out of 2,000 ranked, placing the University in the top 3% for the quality of education of its students and the research prowess of its faculty, by the Center for World University Rankings for 2023.

How good will Penn State be in 2023?

Penn State has plenty of depth, a promising young quarterback paired with a dangerous backfield, and one of the best defenses in America. This team should go at least 11-1. A 10-2 record or a 12-0 outing are both realistic scenarios, but 11-1 is the most likely possibility.

How many students attend Penn State 2023?

University-wide enrollment totals 87,903. UNIVERSITY PARK, Pa. — Penn State welcomed 16,239 first-year undergraduate students in fall 2023, and overall enrollment remains steady across the institution, according to the University's annual enrollment snapshot released today (Nov.

Is Penn State funded by Pennsylvania?

Penn State is a state-related university and a member of Pennsylvania's Commonwealth System of Higher Education. While it receives funding from the Commonwealth and is connected to the state through its board of trustees, however, it is otherwise independent and not subject to any direct control by the state.

How much money does Penn State get from the state of Pennsylvania?

While Penn State receives the largest appropriation in total dollars compared to its state-related counterparts ($242.1 million in fiscal year 2024), the university also educates more in-state students than Lincoln, Pitt, and Temple combined.

Who owns Penn State college?

Since Penn State was to be the state university of Pennsylvania, the Commonwealth must have full ownership and control of the institution just as the Midwestern states exercised complete control over their public universities.

What major is Penn State known for?

The most popular majors at The Pennsylvania State University--University Park include: Engineering; Business, Management, Marketing, and Related Support Services; Computer and Information Sciences and Support Services; Communication, Journalism, and Related Programs; Social Sciences; Biological and Biomedical Sciences; ...

Is Penn State generous with financial aid?

Average Grant Award: $8285

This is $1016 HIGHER than the average for Public schools, which is $7269. Altogether, this is mixed news - at Penn State, FEWER students get aid, but the ones who do get MORE than average. If you qualify for aid, this can work out well, since you'll get a sizable award.

What GPA do you need to get into Penn State?

Penn State Unweighted Average GPA: 3.68

The recommended GPA requirements to get into Penn State are between 3.5 and 4.0. You will need a very high GPA and will likely be graduating at the top half of your class in order to get into Penn State.

Who is the richest Penn State alumni?

Penn reclaimed its title of most alumni on the Forbes list this year, after placing second in 2021 and first in 2019. It's the alma mater of the richest person in America: Elon Musk, who graduated in 1997 with physics and economics degrees.

What is the Penn State mascot?

The Nittany Lion as Penn State's mascot originated with Harrison D. "Joe" Mason 1907. At a baseball game against Princeton in 1904, Mason and other members of Penn State's team were shown a statue of Princeton's famous Bengal tiger as an indication of the merciless treatment they could expect to encounter on the field.