Campus looking east at treetop level

Financial Management

Commencement Caps

The Office of the Executive Vice President is committed to financial stewardship that creates new resources and contains operating costs via budgeting, cash management, and investments. Success in these areas is critical to advancing Penn's mission and the priorities of the Penn Compact, including: no loan financial aid programs, supporting global and local engagement, plus providing a rich environment for all students, faculty and staff.

Penn's financial leadership has resulted in the improved outlook and long-term credit ratings issued by Moody's Investors Service (Aa2) and Standard and Poor's (AA+). In 2012 Penn qualified for a Century Bond, a rare opportunity to borrow for a term of up to 100 years at a low fixed interest rate.

To learn more about Penn's No Loan Financial Aid policy, visit:

To learn more about Penn's Office of Investments, visit:

To read Penn's Annual Financial Report, visit: