Financial Policies and Procedures
Tuition, Fees and Other Charges
The PennBook describes policies regarding payment of tuition, general fees, technology fees, dining arrangements, and other charges. For more information, refer to http://www.vpul.upenn.edu/osl/pennbook.html.
Reduction of tuition and fees for leave of absence or withdrawal from the University: A student who chooses to withdraw from the University, who is required to withdraw for failure to maintain a satisfactory scholastic standing, or who is granted a leave of absence from a full-time division of the University during the fall or spring term of the academic year, will be eligible for a reduction in tuition and fees in accordance with the conditions set forth below.
The effective date of separation from the University is the date the student files a written request for withdrawal or leave of absence in the Undergraduate Division. Students who take a leave of absence or who withdraw during their first semester at the University should contact Student Financial Services for information on tuition adjustment.
For all other students, semester charges will be adjusted as follows:
If you left within: |
Percent Refund of Tuition and Fees |
First two weeks of class |
75% |
Third and fourth weeks of class |
50% |
Thereafter |
0% |
In the case of students receiving financial aid, eligibility for the term will be re-determined based on actual charges and prorated allowances for living expenses. Students should contact Student Financial Services for more information.
A student who is required to withdraw because of a violation of University regulations shall receive no tuition refund.
Course load's effect on billing and financial aid: Wharton offers only a full-time program of study, and the normal minimum course load is 4 cus per term for the Bachelor of Science degree, although many Wharton undergraduates complete 5 cus per term.
Students are automatically billed at the full-time rate every semester. Fewer than 4 cus per term may jeopardize both state and federal financial aid and may have an impact on such matters as visa status, athletic eligibility, and/or insurance coverage. Check carefully to be certain that you know the enrollment requirements of relevant organizations or funding agencies to avoid jeopardizing your standing as a student.
Graduating seniors in their final semester may be part-time by carrying 2.5 or fewer cus if, at that time, they need only 2.5 or fewer cus to graduate. Part-time billing is not automatically implemented when students advance register for one or two courses. Students must request approval in writing from the Wharton Undergraduate Division; without this approval, they will be billed at the full-time rate. No requests for part-time billing will be considered after the second week of classes.
Financial aid for U.S. citizens and permanent residents is based on financial need, as determined by Student Financial Services (SFS). Financial aid applications must be submitted annually. Financial assistance for international students is limited.
In addition to need-based financial aid, there are a number of payment and credit options available to parents and students to help manage the cost of education.
For further information on specific programs, application processes, payment and credit options, and links to outside scholarship searches, visit the SFS website. Students may also contact SFS in person in the Franklin Building, First Floor, by phone at (215) 898-1988, or by e-mail at sfsmail@sfs.upenn.edu.
Print this page
