Penn hikes costs 3.9 percent

Students at the University of Pennsylvania will pay more.

Tuition, fees and room and board at the University of Pennsylvania will rise 3.9 percent for 2017-18, bringing the total tab to $68,600, the university announced Thursday.

That’s up $2,600 from the current year’s $66,000 pricetag.

The breakdown includes $47,416 for tuition, $15,066 for room and board and $6,118 for fees.

The university’s financial aid budget also will increase to $224 million. Penn’s financial aid packages include all grants — no loans. This academic year, 46 percent of undergraduates received grants based on need from Penn, the school said. The average grant was $45,368.