1. Welcome to the 2015 Accelerated Nursing Cohort

2. Financial Aid Webinar

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? Is there any penalty for early repayment? You can borrow up to your EFC per term. 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 2015 cohort Award notification on Tuesday, Mach 10 th 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 2015-2016 Tuition & Fees: Summer Tuition $ 21,000 Fees and Living Expenses 5,864 Total Summer Costs: $ 26,864 Full Time Tuition(Fall & Spring) $ 42,000 Fees and Living Expenses 23,675 Total Tuition & Fees: $ 65,675 http://www.sfs.upenn.edu/paying/cost-of- attendance.htm

7. Estimated Tuition & Fees for 2015 Cohort Tuition and Fees Summer I 2015 Summer II 2015Fall 2015Spring 2016 Summer I 2016 Summer II 2016Fall 2016Total TUITION4,20016,80021,000 21,5000 106,000 GENERAL FEE299 2,034 311 2,1137,401 TECH FEE-NURSING00384 003991,167 RECREATION FEE00175 00182532 CLINICAL FEE1560260 16202701,108 NURSING SIM LAB FEE0350200 15001001,000 NURSING CLINICAL FEE003050345045695 Total Billed by Session:$4,655$17,449$24,358$24,053$22,468$311$24,609$117,903

8. Living Expense Budget Academic Year 2015-2016 Estimated Fees and Living Expense Budget: $23,675 Includes: Housing, meals, books and personal expenses. Health Insurance* (estimate) $3,400 *not part of student budget, can request budget increase to cover costs

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

10. Repayment Programs Public Service Loan Forgiveness Program 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/

11. ANY QUESTIONS?