What are temporary credits and deferments?
Credit from some loan or grant funds may not have been disbursed to your bill for one or both of the following reasons: • The funds may not be disbursed to Penn until just prior to the beginning of the Term The funds may not be disbursed until Penn has performed required verification of your enrollment status and the data you reported on your FAFSA. As a convenience to you, Penn will apply a Temporary Credit or Deferment to your account. This allows you to pay the amount due net of pending disbursements. Note that temporary credits/deferments are not included in the determination of any refund that may be due you.
