Eligibility

Federal loan options are available to United States citizens and permanent residents who successfully complete the Free Application for Federal Student Aid (FAFSA) and enroll at least half-time in degree or certificate program.  The University of Pennsylvania’s federal school code 003378. The FAFSA becomes available online at www.fafsa.ed.gov on October 1st of every year.

FAFSA information will be sent directly to the University’s office of Student Financial Services (SFS). They will then prepare an official tuition assistance package based on your FAFSA information, which will be sent directly to you in late May/early June.  If you have questions about completing the FAFSA application, please contact FAFSA Help at 1-800-4FED-AID (1-800-433-3243) or FederalStudentAidCustomerService@ed.gov.

Loan Options

Graduate Direct Loan

The Direct Loan is an unsubsidized federal loan available to graduate and professional students, with an annual loan maximum of $20,500.  Eligibility for the Direct Loan can renew based on successful academic progress through the course of your program.  Additional information about the Direct Loan and how to apply can be found at Student Financial Services.

Graduate PLUS Loan

The Grad PLUS loan is an unsubsidized federal loan available to graduate and professional students, which can be used to borrow up to the total cost of attendance less other aid (including scholarships, grants, maximum Direct Loan, and etc).  Additional information about the Direct Loan and how to apply can be found at Student Financial Services.

 

University of Pennsylvania Monthly Payment Plan

Penn offers a monthly payment plan option to all students.  The plan allows families to pay educational expenses over ten months (May through February) with no interest. The monthly payment plan is for the academic year and is not available for students enrolled in summer courses.  More information can be found about the monthly budget plan on the Student Financial Services website.

Repayment Options

Income-driven repayment plans are designed to make paying student loan debt more manageable by reducing the required monthly payment amount.  One of the following income-driven plans may be right for you:

  • Income-Based Repayment (IBR)
  • Pay As You Earn Repayment (Pay As You Earn)

Each repayment plan has eligibility requirements and you must contact your loan servicer(s) directly to see if you qualify.

Public Service Loan Forgiveness (PSLF) is intended to encourage individuals to enter and continue to work full-time in public service jobs. Under this program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.

The information provided on this page is not relevant for PhD in Social Welfare applicants. PhD in Social Welfare applicants can view relevant information on this Tuition & Finances page.

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