Penn awards some loans
based on financial need. These
awarded loans are only made by Penn as part of a student's
financial aid package. The loans are repayable by the
student after completion of his/her education or withdrawal
from school and are subsidized, meaning that no interest
accrues of needs to be repaid during your in-school
or grace periods. Examples of these loans include Perkins,
Health Professions, Nursing Student, and Institutional
Loans. For more information on awarded loans, click here.
Loans of Convenience
Convenience Loans are generally available to students, or to parents of dependent students, regardless of whether they are included in an aid package. These loans are available through both federal and private programs. We strongly encourage you to explore federal programs, such as the Direct Loan and Direct Grad PLUS Loan, as your first resource. For information on these loans, click here.