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Financial Aid

Payment Options

Penn Monthly Budget Plan

The Penn Monthly Budget Plan is a program that is designed for families who wish to pay educational expenses monthly with no interest charges.

Further information about the plan, enrollment fees, and the application can be found here.

Penn Plan Guaranteed Tuition Prepayment Plan

Prepay 2, 3 or 4 years of tuition and fees to stabilize cost at the level when you join the program. Further information is available at http://www.sfs.upenn.edu/e-services/penn-plan-online.htm

Electronically, using Penn.Pay System

Penn.Pay is an electronic billing service that enables you to receive your Penn Monthly Student Account Billing Statements online, as well as providing an option to pay them electronically. Students can invite other payers to enroll in the service, so the billing and payment process can be readily available to multiple parties.

Penn does not receive any compensation or portion of the convenience fee for providing AMEX as a payment option.

By Mail

In Person

By Wire Transfer

If you are wiring funds, please supply the following information to your financial institution. Transfer funds to:

Transfer funds to:
Wire Transfer Table
Wachovia Bank N.A.
ABA #031201467
PHILADELPHIA, PA
For credit to: University of Pennsylvania SFS
Account Number: 2000018692712
Attention: SFS
Reference:

Line 1: Full Student Name and 8 digit Penn-ID
Line 2: Social Security Number (last 4 digits only) or University assigned number
Line 3: STUDENT PAYMENT
(All three reference lines must be completed)

SWIFT code PNBPUS33  (only if requested by your bank)

When a wire transfer is initiated, your originating bank can directly wire the funds to Wachovia Bank. You may be assessed a fee by your bank. If your bank uses an intermediary bank (usually a New York Bank), the intermediary bank may also assess a fee (approx.$10-$30) which is your responsibility to pay.

Important

The University must receive the FULL amount due on or before the due date indicated on the bill. If full payment is not received by the due date, a Late Payment Penalty of 1.5% of the amount past due will be assessed, and future registration and continuing enrollment will be jeopardized.

A new Late Payment Penalty will appear both as a new transaction, and in the Late Payment Penalty box on the summary line. Adjustments to previously assessed late payment penalties will appear as a new transaction and will be included as either a New Credit or New Charge on the summary line.

If Penn accepts payment that contains or reflects “paid in full”, or other restrictive endorsements, Penn does not lose any of its rights to collect any amount due.

Please Remember

Full Amount Due

The University must receive the FULL AMOUNT DUE on or before the due date indicated on the bill. If full payment is not received by the due date, a late payment penalty of 1.5% of the amount past due will be assessed, and future registration and continuing enrollment may be jeopardized.

If Penn accepts payments that contain or reflect "paid in full" , or other restrictive endorsements, Penn does not lose any of its rights to collect any amount due.

Returned Checks

A check not honored by the bank is subject to a $30 returned check charge. Any balance unpaid on the student account as a result of the returned check is subject to a late payment penalty. The University reserves the right to require a cashier or certified check on future payments. The University does not accept post-dated checks.

Non-Sufficient Funds

A payment returned for non-sufficient funds is subject to a $30 NSF Fee and any unpaid balance as a result of a NSF payment will be subject to a late payment penalty.

Page Updated: 08-Nov-2012