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: grant-based undergraduate financial aid, 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 (Aa1) and Standard and Poor's (AA+). In 2019, Penn broke records by issuing $300M in century bonds at an interest rate of 3.61%. Penn previously issued a $300M century bond in 2012 to support sustainability initiatives.

To learn more about Penn's Grant-Based Financial Aid policy, visit:

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

To read Penn's Annual Financial Report, visit: