Spring 2021 SRFS Updates
This page includes important information about SRFS plans for the Spring 2021 semester. Please continue to check back here for the latest news.
Spring 2021 Loans
To ensure loan processing occurs by the end of the Spring 2021 semester, all Federal loans with a loan period ending Spring 2021 must be received in the Penn Loan System no later than Friday, April 23, 2021.
Delayed Billing Timeline
SRFS is delaying the Spring 2021 bill from December 2, 2020 to January 7, 2021 with a due date of January 29, 2021. This accommodates the delay in Advance Registration and gives SRFS sufficient time to fully process charges and financial aid credits for all full- and part-time programs at the graduate and undergraduate level. You will see charges and credits begin to populate on your student account in Penn.Pay starting in December, but you will not receive your billing statement until January 7.
Penn Payment Plan Deadlines
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.
Undergraduate Financial Aid Adjustments
If you are moving from living at home with family to living on-campus or off-campus, SRFS will adjust your cost of attendance accordingly based on the budgets on our Undergraduate Cost of Attendance page. Because your Expected Family Contribution holds constant, this will lead to an increase in your demonstrated financial need, and you will receive additional grant funding to cover the increased expenses of living in on-campus or off-campus housing.
If your living situation is changing, you can let SRFS know by filling out the SRFS Living Situation Update form by November 20 at noon. Students moving to an off-campus apartment will also need to provide a lease or other documentation using the SRFS Document Upload Portal in order to have their financial aid adjusted accordingly.
Tuition, Fee, Room, and Board Charges
Undergraduate billed expenses will remain as previously announced for the 2020-2021 academic year. You can find this information on the Undergraduate Cost of Attendance page.
Graduate schools each determine their own tuition charges for the semester. Please check with your specific program for any changes to published charges.