The Penn Monthly Budget Plan
About The Penn Monthly Budget Plan
Enrollment for 2016-17 has closed as of August 1, 2016.
  • All Penn students are eligible to participate
  • Allows families to pay educational expenses over ten months (May through February) with no interest
  • You determine the amount you want to budget using this worksheet
  • The plan is for the academic year and is not available for students enrolled in the summer courses
  • Can be used alone, or combined with other payment programs, to avoid large balances at the start of each semester
  • The Plan credits your student account bill twice a year with the amount you budgeted:  50% to the Fall Term bill and the remaining 50% to the Spring Term bill
Budget Examples (10 monthly payments)
Annual Amount
Amount Needed
Each Term
Ten Monthly
$5,000 $2,500 $ 500
$10,000 $5,000 $1,000
$15,000 $7,500 $1,500
$20,000 $10,000 $2,000
  • Participation in the plan does not guarantee that the student account bill is paid in full

  • The Penn Monthly Budget Plan is a payment plan, separate from your student bill

  • Please check the Payment and Fee Schedule below if you are enrolling after June 30

  • Enroll online via the web


  • Print an Enrollment Form and/or Automated Direct Payment Option Enrollment Form and mail to:

    University of Pennsylvania
    Penn Monthly Budget Plan
    Room 221 Franklin Building
    3451 Walnut Street.
    Philadelphia, PA 19104-6270
Payment and Fee Schedule
Monthly Payment (s)
Due with
Enrollment fee(s)
Before May 2 $75.00 $0.00 None
Between May 2-May 31 $75.00 $0.00 May
Between June 1-June 30 $75.00 $0.00 May and June
Between July 1-July 21 $75.00 $50.00 May, June and July
Between July 22-July 29 $75.00 $50.00 May, June, July and August
Note: Enrollments in the Automated Direct Payment Option that are received after April 27 may end up having both May and June payments being deducted from your account in June.
Additional Information
  About Penn.Pay
  Billing Contacts
  Billing Schedule
  Financing and Payment Plan Options
  How to Pay Your Bill
  Leave of Absence / Withdrawal Policy
  Line of Credit from SFS
  Refund Information
  Third Party Payments
  Wire Payments


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