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Finances The Executive Doctorate does not offer any scholarships or fellowships. However, the University of Pennsylvania is committed to helping students meet the costs of receiving a Penn education through other means FEDERAL LOAN PROGRAMS If you are interested in receiving federal loans, you must complete the Free Application for Federal Student Aid (FAFSA), available on-line at http://www.fafsa.ed.gov. The University of Pennsylvania institution code is 003378. You must complete the FAFSA to be considered for Stafford and Perkins loans. Your FAFSA information will be sent directly to the University's Student Financial Services Office. They will then prepare an official financial aid package based on your FAFSA, which will be sent directly to you. If you have questions about your FAFSA application, you may contact Student Financial Services directly at 215-898-1988 or sfsmail@sfs.upenn.edu. The final amount of your need-based loans will be adjusted if your financial situation changes or if you are awarded a departmental grant later in the academic year. Stafford Loan Stafford loans are offered by banks, credit unions, the University of Pennsylvania, and other participating lenders to students who are U.S. citizens or permanent residents. Both subsidized and unsubsidized loans are available. The loans are guaranteed by the federal government. The Subsidized Stafford Loan is a need-based, low-interest federal student loan with full interest subsidy during the in-school, grace, and deferment periods. A maximum of $8,500 may be borrowed each year under the subsidized loan program. The Unsubsidized Stafford Loan is a low-interest federal student loan for which interest accrues during the in-school period. The unsubsidized loan is non-need based and available to students who do not qualify for the subsidized loan. It can be used to replace students' and parents' contribution. A maximum of $10,000 may be borrowed each year under the unsubsidized loan program. To qualify for a Stafford loan, students must be enrolled at least half-time and show satisfactory progress in a program leading to a degree or certificate. Need is determined by the information supplied on the FAFSA. Perkins Loans Perkins loans are offered through the University to financially eligible students who are U.S. citizens or permanent residents. The loan is guaranteed by the federal government, which pays interest while the student is enrolled, during the grace period following enrollment, and during any authorized deferment. Students must be enrolled at least half-time. Need is determined by information supplied on the FAFSA application. A maximum amount of $6,000 may be borrowed each year. Federal Loan Forgiveness for Teachers Penn Plan Programs Educational financing programs, such as the Penn Plan, are unique to the University of Pennsylvania. Through these programs, students may borrow up to the cost of attendance per year, minus other financial assistance. The Penn Federal Stafford Loan, Penn/CitiAssist Graduate-Professional Student Loan, and home equity loans and payment programs are the programs available to Penn students. For further information please visit the Student Financial Services Web site. For further information, please contact the financial aid office at Penn GSE:
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