Your Voice | Fees in Vain
(02/28/12 4:56am)
At a time when students are struggling more than ever to pay their tuition, Penn, a university with the seventh largest endowment in the country (over $6 billion), enforces a late-payment policy that is as inflexible as it is unfair. Under Penn’s policy, a student who is past due in making a tuition payment is charged a 1.5 percent late fee. This sounds like small peanuts, but with tuition rates as high as they are, this fee can be as high as $400 or $500.