Penn Payment Plan
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Penn Payment Plan Overview
The Penn Payment Plan is a voluntary, interest-free, automatic installment plan designed for families who prefer to spread all, or a portion of, their educational expenses across four or five payments each semester. Enrollment in a payment plan requires a $45 nonrefundable enrollment fee per plan.
Plans are available for the fall and spring semesters, and students must re-enroll each semester via Penn.Pay, even if they previously participated in the plan. If a family member intends to set up a payment plan on a student's behalf, the student must add them as an Authorized User.
Students who wish to enroll with an international bank account can set up a similar payment plan using PayMyTuition. Additional information and instructions on how to enroll and add an authorized user are below on this page.
Enroll with an International Bank Account
2024-2025 Payment Plans
Students can choose from a four- or five-month automatic withdrawal installment payment plan:
- The 5-month open enrollment for Fall 2024 will begin on May 15th, 2024 and close on July 12th, 2024
- The 4-month open enrollment for Fall 2024 will begin on May 15th, 2024 and close on August 14th, 2024
- The 5-month open enrollment for Spring 2025 will begin on October 15th, 2024 and close on December 14th, 2024
- The 4-month open enrollment for Spring 2025 will begin on October 15th, 2024 and close on January 14th, 2025
We are unable to accept payment plan enrollments after these deadlines
Prior past-due balances must be paid in full and cannot be included in a current term plan.
SRFS encourages students to sign up early with an estimated budget of what they will owe so they do not miss the deadline for their preferred plan. As long as the student registers for a plan by the posted deadlines, they are able to adjust their budget during the semester if charges are added or removed on the student's account.
Payment plans do not automatically adjust if charges are added or removed to the student's account. Students and authorized users are responsible for checking the student's account and adjusting the payment plan as needed. Additionally, the plans do not cancel automatically if charges for the term have been paid completely or the student has received financial aid. Please contact budgetpl@pobox.upenn.edu if you need assistance adjusting or cancelling your payment plan balance.
Penn has partnered with PayMyTuition, a third-party vendor, to offer a payment plan for students using international banks. This payment plan has the same features as the plan accessed via Penn.Pay and described on this page.
International Students Enroll Here
This will bring you to the PayMyTuition portal where you can enroll in a payment plan using your international bank account.
To have a parent or other individual make payments on your behalf, you must add them as an Authorized User after logging in to PayMyTuition. They will receive an email after you add them instructing them on how to register.
If you need assistance, you can contact PayMyTuition directly at 1-855-663-6839 (toll-free) or through one of their support page. You can also email them at support@paymytuition.com.
Five-Payment Plan Dates
| Fall 2024 Semester | Spring 2025 Semester |
|---|---|
| July 15 | December 15 |
| August 15 | January 15 |
| September 15 | February 15 |
| October 15 | March 15 |
| November 15 | April 15 |
Four-Payment Plan Dates
| Fall 2024 Semester | Spring 2025 Semester |
|---|---|
| August 15 | January 15 |
| September 15 | February 15 |
| October 15 | March 15 |
| November 15 | April 15 |
These due dates are associated with ALL payments and cannot be changed, regardless of payment method.
You will be charged a $45 enrollment fee when you sign up each semester. Our vendor also assesses a 2.95% 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.
Students who intend to use an international bank to make payments should sign up via PayMyTuition using the instructions on this page.
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.
International students using PayMyTuition for their payment plan can also add Authorized Users after logging in. They will receive an email after you add them instructing them on how to register.
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.
Students and Authorized Users cannot cancel their payment plan. Please contact budgetpl@pobox.upenn.edu to request for your payment plan to be 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 has partnered with PayMyTuition, a third-party vendor, to offer a payment plan for students using international banks. This payment plan has the same features as the plan accessed via Penn.Pay and described on this page.
To enroll, log in to Path@Penn and click on "International Payments & Payment Plans" in the Financial Services section. This will bring you to the PayMyTuition portal where you can enroll in a payment plan using your international bank account.
If you need assistance, you can contact PayMyTuition directly at 1-855-663-6839 (toll-free) or through one of their support page. You can also email them at support@paymytuition.com.
If an international student is using a credit card or U.S. banking to make their payments, they should sign up through Penn.Pay.
