Estimated Living Expenses

Budgeting Resources for Select Programs

Cost of Living Budget

The following living expense budget is the standard budget the University uses for all graduate students and reflects the maximum a student may borrow in loans; 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 charges and total credits. If your charges differ between semesters, the amount of refund will 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. The University allows you to borrow up to $16,741 to cover living expenses ($20,089 for those purchasing University health insurance) during the academic year (Fall and Spring) and up to $5,580 for the summer when registered for classes on a half-time basis (usually 2 CUs). Students living on-campus or with their parents can see alternate living expense allowances here. Please note the graduate budgets are the same as the undergraduate budgets.

2018-2019 Off-Campus Living Expense Budget (September-May)

Housing and Utilities
Books & Supplies

Personal Expenses

University Health Insurance**$3,348

Summer Living Expense Budget (June-August)

With at least half-time registration in summer

**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 ($273/semester) 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.