STUDENT FINANCIAL SERVICES  |  OFFICE OF THE UNIVERSITY REGISTRAR  |  STUDENT EMPLOYMENT

   
Penn's No Loan Policy

Penn stands out as one of the few universities that does not include loans as part of a financial aid package. All dependent undergraduate students eligible for financial aid at Penn receive loan-free aid packages, regardless of family income level.

This no-loan program represents Penn’s strong commitment to widen access for qualified students from all economic backgrounds.

 

A Penn student says thank you for making college affordable... read his story

 
Q: Does the policy apply to every Penn student?
 

A: The policy applies to dependent undergraduate students in the College of Arts and Sciences, the School of Nursing, the College of Engineering and Applied Sciences, and the Wharton School, who have not already received a baccalaureate degree.

Independent students, for whom no parental contribution is expected, will be reviewed on a case-by-case basis. Because there is no expected parental contribution, independent students are expected to assume a somewhat higher share of their expenses than dependent students, and may continue to have need-based loans. The policy is in effect for the standard undergraduate career of eight academic year semesters.

 
Q: Will I be allowed to take out loans even if a loan is not included in my aid package?
 

A: Loans will still be available, at the student's discretion, to substitute for work-study and expected summer savings, for certain expenses not included in the standard academic year cost of attendance (e.g. health insurance), and for summer school. Read more about loans here.

 

Prospective Undergraduates

Parent Corner

Must Do List

Forms and Applications

Publications and Booklets

Special Policies

About SRFS

Contact Us



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.Pay

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