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 (pcudney@cox.smu.edu or

214-768-3001) For loans and more technical

financial aid questions: Barbara Waters (bwaters@smu.edu or

214-768-2371)

Estimated Student Budget 2008-09

Tuition and Fees $40,692

Living Expenses $13,900Books & Supplies$1,650Transportation $1,400Health Insurance $1,250Other Expenses $1,200TOTAL $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 003613

SMU can act as lender Government sends report to school Automated e-mails 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 - www.fastweb.com Scholarship Search -

www.collegeplanning.nelnet.net Opportunities for female students -

http://www.fortefoundation.org National Black MBA Association -

www.nbmbaa.org National Society of Hispanic MBAs -

www.nshmba.org SMU’s Office of Financial Aid -

http://www.smu.edu/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 e-mail 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 e-mailed to CMC by August 1

Pre-Orientation – Week of August 4

International Orientation Invitations and further information to be

sent via e-mail to those required to attend

MBA Boot Camp Invitations and further information to be

sent via e-mail New structure this year

Basic quant concepts Finance

August Overview

MANDATORY OrientationAugust 10-16 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 e-mail 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 e-mail 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?