Students, who are enrolled at least half-time in a graduate degree program and a U.S. citizen or permanent resident, may borrow up to the cost of attendance per year, minus other financial assistance. Interest rates and origination fees are especially low for a non-federal loan. Since the loan is guaranteed by Penn, approval is likely, unless the student has a negative credit record. Students may draw on the line of credit to cover educationally relevant expenses. The line of credit features a variable Annual Percentage Rate and variable monthly payments.
Payments begin one month after the disbursement of funds.