1. WHARTON WELCOME WEEKEND Financing an MBA at Wharton Sharon Brooks Senior Associate Director, Office of Financial Aid April 14, 2007

2. 2007-08 Student Budget Fellowships Federal Loan Programs Private/Alternative Loan Programs Other Financing Options Miscellaneous Financial Aid Contact Information Topics for Discussion

3. 2007-2008 Estimated Student Budget

4. 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

5. Federal Loan Programs Federal Stafford Loan: Maximum $20,500 Maximum $33,000 (Healthcare only) Federal Perkins Loan: (if eligible) Graduate Federal PLUS Loan:

6. Private/Alternative Loan Programs Citibank Domestic Loan Program: www.studentloan.com/schools/upenn Access Group: www.accessgroup.org MBA Loans: www.salliemae.com/mbaloans Bank of America: www.bankofamerica.com Nellie Mae: www.nelliemae.org Northstar: www.northstar.org

7. Other Financing Options Personal Savings Help from Family Members Outside Sponsorships: (Corporate Fellowships, Company Sponsorships) Club, religious, community organization affiliations

8. Miscellaneous The importance of good credit will make it easier for you to borrow. Bad credit will prevent borrowing from private/alternative loan programs Credit Scoring – review of all aspects of student credit history may be used to approve/deny loan application Be careful about opening too many new credit card accounts Credit Reporting Agencies: Experian – www.experian.com Trans Union – www.tuc.com Equifax – www.equifax.com

9. 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

10. 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: 215-898-8728 Fax: 215-898-0120 E-mail: mba.finaid@wharton.upenn.edu