Summary of "Financial Aid Options | Wharton MBA Program for Executives"

Overview of Financial Aid for Wharton MBA Program for Executives

The video provides a comprehensive overview of the financial aid options available for students enrolled in the Wharton MBA Program for Executives.

The total cost of attendance is approximately $238,000 for the entire program.
The program spans six academic terms over two years.
This cost includes tuition and fees but excludes books and supplies, which add roughly $10,080 annually.

Students are billed per academic term.
Payments are typically due monthly during each term.
Understanding the cost structure is emphasized, and students are encouraged to ask questions throughout the session.

About 10% of incoming executive MBA students receive merit-based fellowships from Wharton.
Fellowships are distributed evenly across the six terms.
Students are encouraged to seek external funding sources beyond university aid.

Loans are divided into federal and private alternatives.
Students are advised to complete the FAFSA to access federal loans.
Federal loan policies are subject to change, with updates expected soon.
For private loans, resources like Elm Select (elmselect.com) provide comparisons of lenders, including rates, repayment terms, and forgiveness options.
International students have specific loan options, including partnerships with lenders like College Ave, many of which do not require a co-signer.

Available for students who prefer to spread out tuition payments over several months each term.
A small application fee applies.
Details and enrollment links are provided during the session.

Students are advised to review financial aid resources on Wharton’s website.
Consider long-term financial planning, including:
- Credit checks
- Assessing personal financial resources

The Benheim Loan Forgiveness Program is highlighted for graduates working in social impact or nonprofit sectors.
Offers loan reductions up to $20,000 annually for five years.

Students are encouraged to explore company sponsorship opportunities.
Personalized one-on-one sessions are offered for further financial aid guidance.