Penn Payment Plan
Similar to the fall semester, you will also have expanded options for enrolling in a Penn Payment Plan this spring. SRFS will offer a five-payment plan with an enrollment deadline of December 14, 2020 and a first payment date of December 15, 2020. Because you will not have received your formal bill by this point, we encourage students and families who wish to take advantage of the five-payment plan to estimate their payments for the semester based on published costs for your program. You can use this resource guide to help you estimate. Remember, you are always able to adjust your payments after you enroll and receive your spring semester bill.
Alternatively, SRFS will also offer a four-payment plan with an enrollment deadline of January 14, 2021 and a first payment of January 15, 2021.
You can enroll in a Penn Payment Plan starting now within Penn.Pay.
The Penn Payment Plan is a voluntary, interest-free installment plan designed for families who prefer to spread all or a portion of their educational expenses across five payments each semester. The plan runs from July through November for the fall semester and December through April for the spring semester. There is a $45 non-refundable enrollment fee each semester.
Plans are available for the fall and spring semesters, and you must re-enroll each semester, even if you previously participated in the plan. If a family member intends to set up a payment plan on your behalf, make sure you add them as an Authorized User in Penn.Pay.
Spring 2021 enrollment for the five-payment plan is open until December 14, 2021. Enrollment for the four-payment plan is open until January 14, 2021.
You can enroll (during the enrollment period) or review the status of your current payment plan on Penn.Pay.
|Fall Semester||Spring Semester|
|July 15||December 15|
|August 15||January 15|
|September 15||February 15|
|October 15||March 15|
|November 15||April 15|
These due dates are associated with automatic payments and cannot be changed.
You will be charged a $45 enrollment fee when you sign up each semester. Our vendor also assesses a 2.85% convenience fee on credit card payments.
Within Penn.Pay, click on the “Payment Plans” tab and select “Enroll in Payment Plan.” You will be prompted to confirm the plan details and the amount you wish to budget. After you input your payment method, you can review your Payment Plan Agreement and finalize your plan.
A plan can be initiated by either the student or by an Authorized User. Authorized Users can make payments on a plan that their student has set up, but 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. Multiple Authorized Users can enroll in the same student's payment plan.
Students and their Authorized Users can make changes to their payment plan within Penn.Pay. You will be responsible for any balance due on your student account after your Payment Plan has been modified or canceled.
Yes. When you enroll, you will be required to enter either a checking/savings account or credit card number that will be used to automatically withdraw funds on your installment due dates. The payment method you choose will be used for the all scheduled payments.
If you would like to switch from one checking/savings account to another or switch from a credit card payment to a checking/savings account, you can add a new payment method within Penn.Pay. You can do this under the “Payment Profile” tab. After that, you can select the new payment method under the “Payment Plans” tab.
You are not able to switch from one credit card to another credit card or from a checking/savings account to a credit card.
529 Plan payments should include a note that the funds are being used to pay off your Payment Plan. These payments must be received 5-7 business days prior to the due date to allow processing/posting to the Payment Plan.
Payments via 529 Plan should be sent to:
University of Pennsylvania
Student Accounts/Penn Payment Plan
Room 221 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104-6270
International families are welcome to participate. Penn partners with Flywire (formerly peerTransfer) to streamline the bill 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 are also 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.
If you are using Flywire for your payment method, be sure to include your name, PennID, and a note that the funds are being used to pay off your Payment Plan. Payment must be received 5-7 business days prior to the due date to allow processing and posting to the Payment Plan.