Loan Programs

Financing options in the form of federal and alternative student loans are available from many lenders. Students have the right to select the education loan provider of their choice. Wharton encourages students to compare the fees and terms of all their student loan products to determine which ones are best suited to their needs.

U.S. Citizen/Permanent Resident Students


Listed below are the current University of Pennsylvania loan offerings for U.S. citizens and U.S. permanent residents. These financing options are subject to change.

Federal Stafford Loan/Grad
Federal Stafford Loans are available from many lenders. With Penn acting as the lender, the goal is to offer competitive fees, favorable repayment benefits, ease of application and electronic disbursement of funds directly to your student account. Furthermore, the proceeds supplement Penn's need-based financial aid program.

Penn sells its Stafford loans to the Pennsylvania Higher Education Assistance Agency (PHEAA). You are not required to use Penn as a lender and will not be penalized or disadvantaged if you choose to borrow a Stafford Loan from another lender. Be sure to compare the fees and terms of all student loan products to determine which ones are best suited to your needs.

Grad PLUS
Penn and Citibank have had a relationship in student loans for 6 years. As part of that on-going relationship, Penn and Citibank offer the Grad PLUS Loan for Penn students. Penn's long relationship with Citibank has focused on obtaining beneficial programs for its students that feature favorable terms and repayment benefits, ease of application, and electronic disbursement. Penn does not participate in revenue sharing nor receive compensation in any form from Citibank for recommending this product. Federal Grad PLUS Loans are available from many lenders. You are not required to use Citibank, and will not be penalized or disadvantaged if you use another lender. Be sure to compare the fees and terms of all student loan products to determine which are best suited to your needs.

Grad CitiAssist
Penn and Citibank have had a relationship in student loans for 6 years. As part of that on-going relationship, Penn and Citibank offer this alternative student loan product for Penn students. Penn's long relationship with Citibank has focused on obtaining beneficial programs for its students that feature preferred rates, significant repayment benefits, ease of application, and electronic disbursement. Penn does not participate in revenue sharing nor receive compensation in any form from Citibank for recommending this product. You are not required to use this lender, or this product, and will not be penalized or disadvantaged if you choose to borrow an alternative loan from another lender. Be sure to compare the fees and terms of all student loan products to determine which are best suited to your needs.

International Students


If you are international student who is neither a dual U.S. citizen nor a U.S. permanent resident, we encourage you to investigate all sources of funding within your home country, including government and private scholarships and loans. International students have access to Citibank's global loan program, which is offered without a co-signer. For more information, visit: www.studentloan.com/schools/upenn. (Please note: the availability and terms of condition of this program, as with all financing options, are subject to change.) If you have a U.S. citizen or U.S. permanent resident co-signer you may want to consider applying to one of the alternative loan programs also found on the website indicated above.