Your
Billing Statement is a cumulative
record of activity that reflects
all charges and credits incurred
during the annual billing cycle.
The annual billing cycle begins
in June and runs for one year through
the following June.
Monthly
billing statements are “cumulative,” meaning
all items will continue to appear
on all monthly statements throughout
the annual billing cycle. Please
note that all new charges and credits
will be displayed with an asterisk “*”.
Previously billed items that are
similar may be combined and appear
as a single line item.
If you have
a balance at the beginning of the
cycle, it will appear as the first
item on your statement. That amount
will continue to appear on your
statement for the full duration
of the cycle. Please be advised
that any payments made to reduce
this balance are reflected on your
statement and included in the calculation
of the Balance Due.
Full payment
of your Student Billing Statement
is due by the date indicated on
the statement. You (or your authorized
payers) are responsible for any
amounts NOT covered by financial
aid, payment option programs (Penn
Monthly Budget Plan, etc.), or
other outside sources.
A late payment
penalty of 1.5% will be assessed
on any previously billed unpaid
balance. A past due balance may
jeopardize your future registration
for classes, transcripts and eventual
receipt of your diploma. |