Financial Aid and Summer 2008 Preparation Cox MBA Sneak Preview Weekend April 5, 2008

Agenda  Staff Contacts  Student Budget  Cox Scholarships  Federal Loans  Private Loans  Other Financial Aid Opportunities  Paying Tuition  Loan Disbursements  After the MBA…  Pre-MBA Requirements  August Overview and Important Reminders

Staff Contacts  For questions related to Cox scholarship awards and graduate assistantships: Patti Cudney or  For loans and more technical financial aid questions: Barbara Waters or

Estimated Student Budget Tuition and Fees$40,692 Living Expenses$13,900 Books & Supplies$1,650 Transportation$1,400 Health Insurance $1,250 Other Expenses $1,200 TOTAL$60,092

Cox Scholarships/Assistantships  Merit-based awards made at time of offer of admission  Total award amount split evenly between 4 semesters of the program  All scholarship awards applied directly to tuition/fees  Assistantship awards are made over the spring/summer

Federal Loans (US Citizens and Permanent Residents)  Up to $20,500 in subsidized/unsubsidized loans per academic year  FAFSA: file online using 2006 tax information and school code  SMU can act as lender  Government sends report to school  Automated s sent to smu.edu account  Acceptance of loans done online

Consumer-based Loans  Can help make up the balance due in tuition and for personal expenses  Many loan companies are available; check Cox website for suggestions  Non-US citizens will need co-signer

Other Financial Aid Opportunities  FastWeb Scholarship Search -  Scholarship Search  Opportunities for female students -  National Black MBA Association  National Society of Hispanic MBAs  SMU’s Office of Financial Aid -

Paying Tuition  Tuition is due prior to the start of each semester  Any scholarship received will be applied to tuition in equal installments  Loan funds are first applied to tuition balance; remaining funds are refunded to student  Check your smu.edu account for information

Loan Disbursements  If you take out loans beyond what is required for tuition, balance is refunded to you after tuition is paid  You can choose direct deposit (requires form) or to receive a check via mail  Funds sent to you as quickly and efficiently as possible

After the MBA…  Federal and some private loans come with a 6 month grace period after graduation  Terms of repayment can be customized  Check with your lender(s) about opportunities to consolidate Stafford (Federal) loans and lock in low interest rates  Other interest rate reductions may be for EFT payments, on time payments, etc.

Questions about financial aid?

Pre-MBA Requirements  Accounting and Statistics Prep materials will be sent (via UPS) to all deposited students starting in May Follow instructions to review prep materials Successfully pass both online tests by the July 31 deadline (you can take the tests multiple times, if needed)

Pre-MBA Requirements  Career Management Center Packet to be mailed to all deposited students in June Online assessments to be completed by August 1; the results will be discussed during orientation and throughout the fall semester Sample cover letter and “Cox formatted” resume ed to CMC by August 1

Pre-Orientation – Week of August 4  International Orientation Invitations and further information to be sent via to those required to attend  MBA Boot Camp Invitations and further information to be sent via New structure this year  Basic quant concepts  Finance

August Overview  MANDATORY Orientation August Please plan to be on campus for activities starting at 3pm on Sunday 8/10 and concluding on Saturday 8/16 Most activities take place 8am-5pm through the week but there will also be evening activities (some required, some optional) Further information to be mailed to all deposited students in June

Keep an eye out for….  Two mailings from SMU’s IT office with your campus account and student ID number (both are needed to receive important information from the MBA Student Services team starting in July)  Mailings from Career Management Center and Student Services  Prep materials to complete online tests by July 31  Twice-monthly e-newsletters from Patti and Holly with reminders and announcement  Updates on the Admitted Students section of the Cox website and the Facebook group

Starting classes  All classes in Fall 2008 will be assigned to you – there is no need to enroll until from Cox in July  Fall 2008 – Module A Finance, Marketing Financial Accounting, and Statistics along with Managing Your Career  Fall 2008 – Module B Economics, Accounting 2 (choose financial or managerial), and Decision Modeling along with Business Presentation Skills  As soon as information on books is available it will be posted on the Class of 2010 Facebook group

Tips from someone who’s been there….  Brush up on your quant skills  Focus your career search  Relocate and settle in  Enjoy the spring and summer  Don’t work until the last minute!

Questions?