Founded almost 250 years back in 1740, the University of Pennsylvania is one of the oldest as well as reputed universities. Consistently ranked amongst the best, Penn is one of the highest sought after universities of the world, with almost 60,000 students applying to its various programs. Benjamin Franklin, known as father of America is one of the founding figures behind the historic Penn. The university which opened its door for students in 1751, has witnessed major up gradation over the years. Since 1923, Penn has produced more than 12 Nobel Laureates and more than 50 Pulitzer Prize winners.
Presently, the University of Pennsylvania has more than 24,000 students enrolled in various courses out of which 21,441 are full time graduates and 3,365 are part-time. The university is famous for producing exceptional students in various fields be it banking or business or medical research. The university has 12 schools spread across campus and houses fantastic research facilities. The research programs at the university are one of the most sought after with the total research budget exceeding more than $800million. The urban campus is spread in an area of 302 acres, including more than 200 buildings and other notable landmarks. To provide equal education facilities to all the students, Penn recently increased its annual financial aid budget by more than 100%. The university is celebrating the year of philanthropy this year to encourage more people to donate for the underprivileged.