WHARTON WELCOME WEEKEND Financing an MBA at Wharton International Students Tammy Carter Associate Director, Office of Financial Aid April 14, 2007

Student Budget Fellowships Applying for Permanent Resident Status Private/Alternative Loan Programs Other Financing Options Miscellaneous Financial Aid Contact Information Topics for Discussion

Estimated Student Budget

Fellowships Approximately 25% of the entering Class will receive a Wharton fellowship Applicants must submit an essay, resume and the Need Access application to be considered for a fellowship. Deadline: May 14

Applying for Permanent Resident Status Wharton does not recommend international students to apply for permanent resident status during their two years at Wharton Application approval without receipt of green card prevents students from borrowing as an international or as a permanent resident New green card holders without established credit may be refused loans due to lack of credit history

Private/Alternative Loan Programs Wharton Citibank International Loan Program: Access Group: - with co-signer MBA Loans: - with co-signer Bank of America: - with co-signer Nellie Mae: - with co-signer

Other Financing Options Personal savings Help from family members Outside sponsorships ( Company Sponsorships, Corporate Sponsorships ) Loan from country of citizenship Club, religious, community organization affiliations

Miscellaneous Wharton expects each student to contribute a minimum of 10% per year toward his/her educational expenses (approximately $7,800) Using loans to offset educational costs is done through following specific instructions found in the ‘Welcome!’ Booklet Manage monthly budget carefully – less chance for lack of funds at end of each semester

Financial Aid Contact Information Financial Aid Staff: Sharon Brooks, Senior Associate Director Tammy Carter, Associate Director Teresa Del Pizzo, Administrative Assistant LaKeisha Knight, Loan Coordinator Telephone: Fax: