The Penn Monthly Budget Plan
About The Penn Monthly Budget Plan
Enrollment for 2015-16 has closed as of July 31, 2015.
Online enrollment for the 2016-17 academic year will open in March 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
  • 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)
By May 3 $75.00 $0.00 None
Between May 4-May 29 $75.00 $0.00 May
Between June 1-June 30 $75.00 $0.00 May and June
Between July 1-July 22 $75.00 $50.00 May, June and July
Between July 23-July 31 $75.00 $50.00 May, June, July and August
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


Prospective Undergraduates

Parent Corner

Must Do List

Forms and Applications

Publications and Booklets

Special Policies

About SRFS

Contact Us

Penn Monthly Budget Plan
Enrollment Terms and Conditions
Enrollment Instructions
Download the Brochure

What would you like to do?

Pay Your Bill

Sign Up for Direct Deposit

Enroll in the Penn Monthly Budget Plan

Setup Your PennKey

Update Emergency Contacts

Update Privacy Settings

Complete Your MPN

Complete Entrance Counseling

Complete Exit Counseling

Check Loan Status

Check Financial Aid Application Status

View Financial Aid awards

Order Transcripts

Register for Classes

Search Work-Study Jobs

Create an I9 form

Quick Links

Penn InTouch


Penn Loan System

PennPlan online

Penn Portal

Penn's Homepage

Office of Admissions

University Registrar

Student Employment Office

Staff Services

Copyright© University of Pennsylvania, Student Registration & Financial Services
Contact SRFS | footer Connect with us on Facebook | Policy on Equal Opportunity and Affirmative Action