1. WHARTON WELCOME WEEKEND Financing an MBA at Wharton International Students Tammy Carter Associate Director, Office of Financial Aid April 19, 2008

2. 2008-09 Student Budget Fellowships Applying for Permanent Resident Status Private/Alternative Loan Programs Other Financing Options Miscellaneous Financial Aid Contact Information Topics for Discussion

3. 2008-2009 Student Budget

4. Fellowships Approximately 32% of the entering Class will receive a Wharton fellowship Applicants must submit an essay and the Need Access application to be considered for a fellowship Deadline: May 16

5. 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 may prevent 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

6. Private/Alternative Loan Programs Additional lenders information and list are available in your Welcome Booklet and on Student Financial Services (SFS) website, www.sfs.upenn.eduwww.sfs.upenn.edu You are not required to use any lenders listed nor will you be penalized for selecting another lender Award Notification Letter will indicate the amount you are eligible to borrow

7. Private/Alternative Loan Programs Citibank International Loan Program: www.studentloan.com/schools/upenn Access Group: www.accessgroup.org - with co-signer MBA Loans: www.salliemae.com/mbaloans - with co-signer Bank of America: www.bankofamerica.com - with co-signer

8. Other Financing Options Personal savings Help from family members Outside sponsorships ( Company Sponsorships, Corporate Sponsorships ) Loan from country of citizenship

9. Overview Complete and submit Need Access application and essay Award Notification Letter Begin process of selecting a lender for Alternative

10. Miscellaneous Wharton expects each student to contribute a minimum of 10% per year toward his/her educational expenses (approximately $8,000) Loans can be used to offset educational costs up to the set Student Budget Manage monthly budget carefully

11. Financial Aid Contact Information Financial Aid Staff: Tammy Carter, Associate Director Teresa Del Pizzo, Administrative Assistant LaKeisha Knight, Loan Coordinator Telephone: 215-898-8728 Fax: 215-898-0120 E-mail: mba.finaid@wharton.upenn.edu