Financial Aid

The Office of Student Registration and Financial Services (SRFS) provides solutions to students’ concerns and encompasses the offices of the University Registrar and Student Financial Services.

Academic Year 2017-2018

Budget Items Living On/Off Campus Living at Home with Family
Tuition and Fees $47,416 $47,416
Fees 6,118 6,118
Housing 9,820 0
Dining 5,246 1,800
Books and Supplies 1,280 1,280
Transportation 869 869
Personal Expenses 1,835 1,835
Total Budget $72,584 $59,318

Tuition and fees are fixed costs. These mandatory fees include the general fee, the educational technology fee, and the student health clinical fee.

The housing allowance is based on the median room rate in the University College Houses. To stay within the allowance, be conscious of your room selection and choose it by the Penn Housing deadline. Residential freshmen are required to live in on-campus housing during their first year of enrollment.

The meal allowance represents the cost of one of the first year dining plans through Penn Dining. If you live at home with your family, an allowance for meals away from home is included. Freshmen are required to participate in a meal plan during their first year of enrollment.

The book and supplies allowance provides for the expected annual cost for textbooks and supplies.

The transportation allowance provides for standard commuting. The approximate cost of two round-trips home may be added on a case-by-case basis.

Personal expenses include allowances for clothing, laundry, recreation, etc.

Married Students and Students with Dependents

Your basic cost of attendance includes tuition, fees, books and supplies. It is expected that living and personal expenses are covered by your spouse’s income. If you are not married, or if your spouse is a student, a supplement may be added to the basic budget to assist you with living expenses. Penn has limited funds to support the individual non-educational financial needs of married students and students with dependents. Students in need of such funding may be eligible for additional Direct Loan.

College of Liberal and Professional Studies Students

Because your financial aid eligibility is based on the number of courses in which you are enrolled, your budget will vary. SFS will determine your budget based on the number of credits you will be taking for a particular term. Most importantly, this will be based on LPS tuition rates. If you change your registration plans, e-mail our office, or submit a revised Registration Form so we can adjust your budget and aid.

For more information, visit: http://www.sfs.upenn.edu/paying/cost-of-attendance.htm.

Financial Policies

Payment of Tuition, Fees, and Other Charges

All amounts billed to students are due on the due date indicated on the bill. You will receive an email notification each month when a new billing statement is available on Penn.Pay (Penn’s electronic billing service). Students whose parents or other payers are making payments are reminded that you (the student) must invite them to be an ‘other payer’ on Penn.Pay so that they can both view and pay your bill. Payments must be made on or before the due date. Payments can be made online, by check, wire transfer or in person. Please refer to the Student Financial Services web site at http://www.sfs.upenn.edu/paymybill/index.htm. Balances remaining beyond the due date are subject to a late payment penalty of 1.5% per month, which will appear on the next statement. A student could be placed on Financial Hold if bills remain unpaid which will jeopardize continuing enrollment and future registration.

Failure to Pay

The University reserves the right to withhold registration, transcripts, diplomas and all other information regarding the record of any student who is in arrears in the payment of tuition, fees, or any other charges, including student loans, The enforcement of this  policy shall not relieve the student of the obligation to pay any outstanding fees and charges.

Withdrawal/Leave of Absence: Reduction of Tuition and Fees

A student who withdraws from the University (or who is requested to withdraw for failure to maintain a satisfactory scholastic standing) or who is granted a leave of absence from a full-time division of the University during either term of the academic year will be eligible for a reduction in tuition and fees in accordance with the conditions set forth below.

The effective date of separation from the University is the date the student files a written request for withdrawal or leave of absence.

A student who is required to withdraw because of a violation of University regulations shall receive no tuition refund.
For all other students, term charges will be adjusted as follows:

If you leave within the:                   Percentage Reduction in Tuition and Fees

First two weeks of class                 100%

Third and fourth weeks of class      50%

Thereafter                                       0%

In the case of students receiving financial aid, eligibility for the term will be determined based on actual charges and prorated allowances for living expenses.

For rules regarding reductions in residence and meal contract charges, see the current year’s Residential Handbook and the terms and conditions of meal plans.

Note: Please contact your home school representative regarding rules for Graduate, Professional, LPS and other Special Programs.


Policy on Military Leave

If a student who has not received full academic credit for the term is called to service through enrollment in a military reserve unit, or through enlistment in the military service, the student’s tuition and mandatory fees for the term shall be cancelled, provided a request, substantiated by the proper evidence, is filed with the dean of the school in which he or she is registered.

(Source: Almanac, February 23, 2003, Volume 49, No. 23)

The Higher Education Opportunity Act of 2008 requires the University to provide a list of student-related disclosures and policies, as well as information about how to obtain the required information. This information is provided below in a list format with links to the appropriate information. 

I. NON-LOAN RELATED DISCLOSURE REQUIREMENTS

A. Availability of Institutional Financial Aid Information

  1. Notice of availability of financial aid information: http://www.sfs.upenn.edu/paying/index.htm
  2. Contact information for assistance in obtaining institutional or financial aid information: http://www.sfs.upenn.edu/contacts/index.htm

B. Student Financial Assistance

  1. Student financial aid information: http://www.sfs.upenn.edu/paying/index.htm
  2. Notice of federal student financial penalties for drug law violations http://www.sfs.upenn.edu/paying/eligibility-for-federal-aid-funds.htm

C. General Institutional Information

  1. Consumer information on College Navigator website: http://nces.ed.gov/collegenavigator/?q=university+of+pennsylvania&s=all&pg=2&id=215062
  2. Price of attendance
  3. Net Price Calculator:
    1. http://www.sfs.upenn.edu/paying/paying-pro.htm
    2. http://netpricecalculator.collegeboard.org/participating-schools
  4. Refund policy, requirements for withdrawal and for the return of Title IV, HEA financial aid: 
    https://provost.upenn.edu/policies/pennbook/2013/02/13/financial-policies
  5. Banking Relationship Disclosures
    Penn complies with the U.S. Department of Education's guidelines in making information on its marketing relationships with financial institutions publically available. Here are the contracts outlining the banking relationships with PNC Bank and the Student Federal Credit Union at the University of Pennsylvania
    For more information on banking options visit: http://www.srfs.upenn.edu/banking/index.htm

Graduate/Professional Schools Cost of Attendance (COA):

II. DISCLOSURES RELATED TO EDUCATIONAL LOANS

  1. State Grant assistance http://www.sfs.upenn.edu/paying/paying-grants-scholarships.htm
  2. Student loan information published by the Department of Education https://studentloans.gov/myDirectLoan/index.action
  3. National Student Data System https://www.nslds.ed.gov/nslds/nslds_SA/
  4. Entrance counseling for student borrowers https://studentloans.gov/myDirectLoan/index.action
  5. Exit counseling for student borrowers http://www.sfs.upenn.edu/loans/loans-exit-interview.htm
  6. Private education loan disclosures (including self-certification form) are provided to students by their private lenders.
  7. Code of Conduct for education loans http://www.finance.upenn.edu/vpfinance/fpm/1700/1700_pdf/1712.pdf
  8. Preferred lender lists: Penn does not have preferred lender lists.
  9. Preferred lender arrangements: Penn does not have preferred lender arrangements

HEOA Disclosure Requirements: