1. Financial Aid

2. Announcements We are working on packaging (tirelessly) 2015 Taxes filed as soon as possible – Use 2015 Taxes to file 2016-17 FAFSA as soon as possible

3. Types of Aid Penn Nursing Grant – Based on Financial Need Federal Loans – Perkins - Currently forgivable over 5 years – Nursing Student Loan - Maximum interest rate of 5% – Direct Loan - fixed interest rate, may be deferred – Direct Parent Plus (for Dependents under 24) Federal Work Study Alternative Loans

4. Some important things to look for when researching Alternative/Private Loan Lenders: Co-signers are required for most students. What are their current interest rates? Are they fixed or variable? What are the terms and how do the rates vary? Are lower rates offered with a co-signer? Please visit the SFS Alternative Loan website: http://www.sfs.upenn.edu/loans/alternative- ndersundergraduate.htm Disclaimer: The University does not require use of the listed vendors; these are simply vendor options. Feel free to take advantage of any lending source available to you.

5. Accelerated Nursing Scholarship Over $250,000 available for the 2016 cohort External Resources: http://www.nursing.upenn.edu/admissions/financial_aid/Pages/ External-Resources.aspx http://www.nursing.upenn.edu/admissions/financial_aid/Pages/ External-Resources.aspx Nurse Corps Scholarship Program http://www.hrsa.gov/loanscholarships/scholarships/nursing/ Scholarships and Resources

6. Educational Expenses 2016-2017 Tuition & Fees: Summer Tuition $ 21,500 Estimated Fees and Living Expenses 5,700 Total Summer Costs: $ 27,200 Full Time Tuition(Fall & Spring) $ 43,000 Estimated Fees and Living Expenses 24,800 Total Tuition & Fees: $ 67,800 http://www.sfs.upenn.edu/paying/cost-of-attendance.htm

7. Living Expense Budget Academic Year 2016-2017 Estimated Fees and Living Expense Budget: $24,800 Includes: Housing, meals, books and personal expenses. Health Insurance* (estimate) $3,400 *not part of student budget, can request budget increase to cover costs

8. Payment Options Penn Monthly Budget Plan – Available for academic year only – Enroll begins in March – http://www.sfs.upenn.edu/budget-plan/index.htm http://www.sfs.upenn.edu/budget-plan/index.htm Penn Pay – Link through the Penn Portal or Penn InTouch – http://www.sfs.upenn.edu/pennpay/how-to- use.htm http://www.sfs.upenn.edu/pennpay/how-to- use.htm

9. Repayment Programs Public Service Loan Forgiveness Program http://www.FederalStudentAid.ed.gov Nursing Education Loan Repayment Program http://www.hrsa.gov/loanscholarships/repayment/nursing/ Indian Health Service Loan Repayment Program http://www.raconline.org/funding/details.php?funding_id=373 National Health Service Corps Loan Repayment Program (MIDW & FNP) http://nhsc.hrsa.gov/loanrepayment/

10. Questions?