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  1. SRFS Home
  2. Bursar Home
  3. Penn Payment Plan

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Penn.Pay Penn Payment Plan Billing and Payment Billing Schedule Other Ways to Pay Your Bill....

Penn Payment Plan

Highlights

Fall 2018 Penn Payment Plan will open on 5/14/2018
Students: login to the Penn.Pay site
Parents/Other Payers: Once you receive your invitation from your student, login to set up your new account.
Getting started Guide/FAQ's
Penn Payment Plan Worksheet
 

Frequently Asked Questions

What is the Penn Payment Plan?

The Penn Payment Plan is an interest-free plan offered to families who wish to spread out their educational expenses over four months per semester. The plan is available for the Fall and Spring semester only. Participation is voluntary. A student can only have one payment plan per semester. The Penn Payment Plan is set up to pay the remaining balance due on the students account after charges and any expected credits from scholarships, Penn grant, loans or other resources are applied to the student account.

What are the Due Dates?

Fall Semester Spring Semester
July 15th December 15th
August 15th January 15th
September 15th February 15th
October 15th March 15th

May I Change the Due Dates?

No. All payments will be automatically withdrawn/charged on the 15th day of the month.

Are any fees to participate in the Penn Payment Plan?

Nonrefundable Fees

  • A $45.00  payment plan enrollment fee is due when you sign up each semester (Fall and Spring Only)
  • $30 fee for returned checks
  • 2.85% convenience fee using credit card payments
    • Assessed by the vendor for each monthly transaction

How to set up a Payment Plan

  1. Log in to Penn.Pay , click on “Payment Plans” tab located at the top of the home page or under your Student Account Summary to begin enrollment
  2. Click “Enroll Now”
  3. Select the appropriate term, Click “Select” on the plan that you are choosing
  4. Review the details of the payment plan enrollment information and if Ok, click “Continue”
  5. Estimate all charges and credits to be included in the payment plan
  6. Review your payment schedule. If you are not sure this fits your schedule, click “Cancel” otherwise if OK, click “Continue”
  7. Choose a payment method
  8. The payment method you choose will be used for all monthly payments
  9. Review the Payment Plan Agreement. If you agree, click “I Agree” and then click “Continue”
  10. Review the Terms and Conditions of the Payment Plan and if you agree, click “I agree to the above terms and conditions” and then click “Continue”
  11. A payment receipt will be displayed for you

Authorized Users

The plan can be set up either by the student or by an authorized user. The authorized user can make payments on a plan that the student has set up, but due to confidentiality, a student cannot make a payment on a plan set up by an authorized user. Banking information is confidential and only the user will be able to see and access this information. If a student has two parents who would each like to pay separately on a plan, it is suggested that the student sign up for the plan and then give access to each parent as an authorized user. Each parent will pay his or her agreed upon portion of the plan each month.

Make changes or cancel the Penn Payment Plan

To make a change to the budgeted amount or cancel the plan, please contact us at budgetpl@pobox.upenn.edu . You are responsible for any balance due on your student account after your Payment Plan has been modified or canceled.

Are payments automatically withdrawn?

Yes. During the payment plan enrollment, you will be required to enter either a checking/savings account or credit card(2.85% convenience fee per monthly transaction) number that will be used to automatically withdraw funds on your payment plan installment due dates. This payment method you choose is used for the immediate processing of the enrollment. This same method is also used for the remaining scheduled payments of your plan.

Changing my payment method after enrollment

The steps to make the change depends on what payment method was used for your original enrollment. Please find your scenario below and follow the instructions. This process must be done prior to your next scheduled installment due date.

Checking to New Checking Account, Credit Card to Checking? (What about savings account)?

You must create a new ACH electronic payment method. Once logged in to TouchNet, select the Payment Methods page under My Account. Click on Add New Payment Method and select Electronic Payment Check Method. Enter all required banking information and enter a name for your new Saved Payment Method, for ex., Tuition Account. This name must be different from your saved payment method used during your original payment plan enrollment. Next, select the Payment Plans page. Under Currently Enrolled Plans select CHANGE and use the drop down to select your new payment method.

*Please note: you cannot switch from a Credit Card to another Credit Card, or Checking to a Credit Card

529 Plans

Direct monthly payments from a 529 plan should be noted that the funds are being used to pay off the Payment Plan. 529 plans payment must be received at least 5 to 7 business days prior to the due date to allow processing/posting to the Payment Plan. 529 plans should be addressed to: University of Pennsylvania/Payment Plan Student Accounts Room 221 Franklin Building 3451 Walnut Street Philadelphia, PA 19104-6270

International Students

International families are welcome to participate. University of Pennsylvania is a partner with Flywire (formerly peerTransfer) to streamline the tuition payment process for our international students. With Flywire, you are offered excellent foreign exchange rates, allowing you to pay in your home currency (in most cases) and save a significant amount of money compared to traditional banks. You will also be able to track where your payment is in the transfer process via a student dashboard and an email confirmation will be sent to you when your payment is received by the school.

If you are using Flywire for your payment plan payment method, be sure to include your name, PennID and note this is for the payment plan. Not making reference to the above will delay posting of your payments to the Payment Plan. Payment must be received at least 5 to 7 business days prior to the due date to allow processing and posting to the Payment Plan.

Contact Info

200 Franklin Building

3451 Walnut Street

sfsmail@pobox.upenn.edu

215-898-1988

www.srfs.upenn.edu/Bursar

Business hours

Mon, Wed, Thurs, Fri: 9am - 5pm

Tuesday: 10am - 5pm

Sat/Sun: Closed

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