1. THE WHARTON MBA FINANCING YOUR WHARTON MBA

2. THE WHARTON MBA PUTTING THE PIECES TOGETHER A Wharton MBA is an investment -in yourself, and -in your future Consider the value of your degree -in 5 years -in 10 years, and -in 20 years

3. THE WHARTON MBA Personal Resources University Assistance Educational Loans PUTTING THE PIECES TOGETHER Outside Assistance

4. THE WHARTON MBA Savings and investments Checking and savings accounts CD’s/Money Market accounts Retirement funds Home equity Tuition prepay Students may lock in tuition rate by paying both years’ tuition up front Penn Monthly Budget Plan Students may enroll in 10-month payment plan through the University Information available at www.sfs.upenn.edu INVESTING IN YOUR FUTURE PERSONAL RESOURCES

5. THE WHARTON MBA Scholarships Club, religious, community affiliations Online resources www.finaid.org www.collegeboard.com Outside sponsorships Corporate fellowships Company sponsorships Family and friends INVESTING IN YOUR FUTURE OUTSIDE ASSISTANCE

6. THE WHARTON MBA Fellowships and scholarships Approximately 30% of incoming students receive awards from Wharton directly Some awards are made based on donor-specified criteria Students who receive select named awards are expected to send donors “Thank You” letters and bios Need-based grants Need-based grants are awarded to students based on financial information from their aid applications A few key awards: John M. Bendheim Loan Forgiveness Fund for Public Service Loan forgiveness up to $10,000/year for five years for graduates in public or non- profit careers Emerging Economy Fellowships $20,000 fellowships to students from emerging economies throughout the world INVESTING IN YOUR FUTURE UNIVERSITY ASSISTANCE

7. THE WHARTON MBA Federal Perkins Loan Program Eligibility U.S. citizens/permanent residents High financial need Amount – limited; maximum is $3,000 for 2009-2010 Interest rate – fixed at 5% Origination fees – None Interest – subsidized; does not accrue while you are in school Repayment – 9-month grace period after graduation INVESTING IN YOUR FUTURE EDUCATIONAL LOANS (FEDERAL)

8. THE WHARTON MBA Federal Stafford Loan Programs Eligibility U.S. citizens/permanent residents No default on prior educational loans Aggregate borrowing capped at $138,500 Amount – limited; maximum is $20,500 per year: $33,000 for health professions Interest rate – fixed at 6.8% Origination fees – 1% - 2%, depending on lender Interest – up to $8,500 may be subsidized (based on financial need); students responsible for remaining interest assessed while in school Repayment – 6-month grace period after graduation INVESTING IN YOUR FUTURE EDUCATIONAL LOANS (FEDERAL)

9. THE WHARTON MBA Federal Graduate PLUS Loan Program Eligibility U.S. citizens/permanent residents No adverse credit (delinquencies and/or defaults) Amount – capped at cost-of-attendance less any other financial aid Interest rate – fixed at 8.5% Origination fees – 3% - 4%, depending on lender Interest – unsubsidized; students responsible for interest assessed while in school Repayment – first month after graduation INVESTING IN YOUR FUTURE EDUCATIONAL LOANS (FEDERAL)

10. THE WHARTON MBA INVESTING IN YOUR FUTURE EDUCATIONAL LOANS (PRIVATE) Alternative Loan Programs Eligibility Creditworthy U.S. Citizens/Permanent Residents Amount – capped at cost-of-attendance less any other financial aid Interest rate – variable; from 2.75% - 15%, depending on credit Origination fees – variable; from 0% - 10%, depending on credit Interest – unsubsidized; students responsible for interest assessed while in school Repayment – variable grace periods, depending on lender

11. THE WHARTON MBA DeadlinesApplicationsPlanning INVESTING IN YOUR FUTURE NOW WHAT?

12. THE WHARTON MBA INVESTING IN YOUR FUTURE PLANNING Conduct an assessment of your personal resources How much can you personally afford to contribute? Wharton recommends a minimum 10% contribution from personal resources Request and review your credit reports/scores Free copy of reports available at www.annualcreditreport.com Clean up any issues before applying to loan programs Research outside funding sources and loan programs Apply for University funding Review anticipated cost-of-attendance budget Deadlines Applications Planning

13. THE WHARTON MBA INVESTING IN YOUR FUTURE PLANNING Deadlines Applications Planning 2009-2010 Cost-of-Attendance Budget Tuition$46,600 General Fee 2,074 MBA Program Fee 1,418 Pre-Term Fee 1,681 Tuition & Fees$51,773 Health Insurance$ 2,652 Room & Board 20,834 Books, Supplies, & Miscellaneous 5,841 Total Expenses$81,100 Tuition and Fees are fixed costs. Health Insurance is required of all students. If you don’t have it, you must purchase it. Room, Board, and Miscellaneous are discretionary costs. Students should always investigate ways to minimize discretionary borrowing and, thereby, maximize the return on MBA investment. Note: Federal regulations restrict the amount students can borrow through loan programs.

14. THE WHARTON MBA INVESTING IN YOUR FUTURE APPLICATIONS Free Application for Federal Student Aid (FAFSA) Perkins Loan – Application material mailed to eligible students Stafford Loan – Instructions sent from Student Loan Office Graduate PLUS Loan – Apply through your lender’s website Alternative Loans Apply through your lender’s website Federal Loans University Funding Need Access application Scholarship/fellowship essay One-page resume Deadlines Applications Planning

15. THE WHARTON MBA University Assistance Educational Loans Round 1Round 2 March 13, 2009 May 15, or after University notification April 24, 2009 May 15, or after University notification Round 3 June 5, 2009 June 15, 2009, or after University notification INVESTING IN YOUR FUTURE DEADLINES Deadlines Applications Planning

16. THE WHARTON MBA Financial Aid Contact Information Financial Aid Staff: Nathan Franklin, Senior Associate Director Tammy Carter, Associate Director LaKeisha Knight, Loan Coordinator Teresa Del Pizzo, Administrative Assistant Telephone: 215-898-8728 Fax: 215-898-0120 E-mail: mba.finaid@wharton.upenn.edu Location: 420 JMHH

17. THE WHARTON MBA INVESTING IN YOUR FUTURE USEFUL WEBSITES Applications Planning Deadlines Wharton MBA Financial Aid - http://www.wharton.upenn.edu/mba/admissions/finance/http://www.wharton.upenn.edu/mba/admissions/finance/ Information on grants/fellowships and links to external funding sources Student Financial Services – www.sfs.upenn.eduwww.sfs.upenn.edu Information on student billing, budget plans, educational loans (including lender lists), and general University financial assistance policies FinAid! – www.finaid.orgwww.finaid.org Information on scholarships and loans, including calculators and detailed information on loan forbearance and deferment StudentLendingAnalytics - http://www.studentlendinganalytics.com/alternative_loan_options.htmlhttp://www.studentlendinganalytics.com/alternative_loan_options.html Sample list of rates and terms in the alternative loan industry. (Note: For information purposes only. Neither site nor lender endorsed by Wharton.) www.annualcreditreport.com Free annual access to your credit information