Tuition and living expenses for first-year students for the 2011-2012 academic year is $89,200. More detailed information can be found in the Financing Your MBA section.
Yes, MBA students typically finance their educations through a combination of educational loans and fellowships and scholarships, available through external sources or Wharton.
Information on financing options is available through the Wharton MBA Program website and through Student Financial Services.
All admitted students are considered for fellowship support at the time of admission. There is no separate fellowship application.
If you are selected for a fellowship, you will be notified within your admission decision letter. You will also receive an Award Notification Letter (ANL), detailing the amount of the fellowship you have been awarded and loan you are eligible to borrow, via email shortly after you receive your admission decision. . If you are not chosen for a fellowship, the Award Notification Letter will only reflect your loan eligibility.
You should also consider any organizations to which you belong that might have aid funds available such as: religious organizations, fraternal organizations, clubs, athletics, veteran groups, ethnic groups, unions, employers, rotary clubs, and charitable foundations.
The Tax Reform Act of 1986 states that grant assistance is taxable income to the extent that it exceeds tuition, required education fees, and course-related expenses. Course-related expenses are those for books, supplies, and equipment required for your courses. For non-resident aliens, the University is required to withhold federal income tax on grants received in excess of the expenses described above.
The University of Pennsylvania offers information on several educational financing programs to assist students in meeting their educational expenses. These programs include Federal Direct Loans, Federal Direct Grad PLUS Loans, and alternative loan programs. Please visit the Student Financial Service (SFS) website for more information.
The University of Pennsylvania allows online payment of tuition through an American Express card. There is a 2% convenience fee for students who choose this option. The fee is included in your American Express billing statement.
The director of the Global Immersion Program submits an official Participants List to Wharton's Financial Aid Office. Student budgets are typically increased, providing students with additional loan eligibility.
