Estimated Living Expenses

Cost of Living Budget


The following living expense budget is the standard budget the University uses for Penn GSE and reflects the maximum a student may borrow in loans for living expenses over 12 months; these are NOT always billable expenses. The amount you need for living expenses will vary based on your lifestyle, and we suggest only borrowing the amount you need. Your refund per semester will be the difference between your total direct charges and total credits. If your charges differ between semesters, the amount of refund may likewise differ. Loans will be disbursed after you are registered and billed for each semester. Be sure to enroll in  Direct Deposit to expedite receipt of your refund.

2019-2020 Off-Campus Living Expense Budget

Housing and Utilities




Books & Supplies




Personal Expenses


University Health Insurance**


Summer Living Expenses

$2,787 (per session) $5,574 entire summer term



**NOTE: All full-time students are required to have comprehensive health insurance. Full-time, non-executive students are also required to pay a separate Clinical Fee set by the University  to help support the on-campus health clinic. Student with their own coverage may petition Student Health to waive the Penn Insurance by contacting their office at 215-746-3535, by email at, or via their website.