Billing and Payments

It is important for you to read the insert that accompanies your term bill. The following information will give you some understanding of how funds are applied to your account.

  • Scholarships, fellowships, teaching assistantships, and departmental grants: If you were awarded any of these funds, credit will be applied to your student account in accordance with the instructions provided by your department.
  • Direct Loans, Direct Grad PLUS Loans, and Alternative Loans: Most loans are disbursed to your student account via electronic funds transfer (EFT).

Payment through the Penn Payment Plan
The Penn Payment Plan is an interest-free plan offered to families who wish to spread out their educational expenses over four months per semester. The plan is available for the fall and spring semester only. Participation is voluntary. A student can only have one payment plan per semester. The Penn Payment Plan is set up to pay the remaining balance due on the students account after charges and any expected credits from scholarships, Penn grant, loans or other resources are applied to the student account.

Penn.Pay
Your billing and Penn.Pay history are kept online for six months for your reference.

Billing Schedule for the 2019-2020 Academic Year

Bill DeliveredDue Date
Fall 2019July 9, 2019July 31, 2019
Spring 2020December 4, 2019January 6, 2020

Late Payments

A late payment penalty of 1.5% of any past-due balance will be assessed monthly. A past-due balance may also result in your student account being placed on financial hold. If left unresolved, financial hold can restrict future registration, receipt of your diploma and academic transcripts.

Refund Procedures and Direct Deposit Program

Students are entitled to a refund if their actual financial aid (excluding temporary credits) exceeds their billed charges (i.e. tuition, fees, insurance, etc.). For refunds produced by Federal aid such as the Direct or Direct Grad PLUS Loans, you must give the University permission to use these funds to cover certain charges such as health insurance. Failure to complete this step may result in a balance due the University after a refund is produced.

The University of Pennsylvania strongly encourages students to enroll in direct deposit to expedite payment from University employment or refunds from financial aid funds. You can enroll online at http://www.srfs.upenn.edu/refunds/index.htm. Remember: Your checking or savings account must be with a U.S. financial institution; for a list of local banks visit our website.

Third Party Billing: Company Sponsorship and Veteran Benefits

Veteran Benefits:  If you are eligible for Veteran Benefits and wish to apply those to your Lauder and/or MBA Program, please complete the Veteran Benefit Verification.  This form can also be used to provide an update to status.

Employer Sponsorships:  If a company is sponsoring all or part of your education, please complete the Online Sponsorship Form.  Additional information can be found here.