<p>So the case is that I’m applying without finaid for Wharton. As of now though, I don’t understand much of their payment options for students/families deciding to go without finaid and pay for the education. Firstly I was wondering if one could start repaying some of the school fees after graduation or if it is a must to do all the payments DURING the 4 years? </p>
<p>I’ve seen Whartons 10 month budget plan but was wondering if this other option was possible. That way one could pay of expenses that occur during these 4 years (books, etc) and start repaying the big costs like tuition, boarding after graduation. Anyone got anything on this? Please clarify for an international wharton applicant.</p>
<p>Sincerely,</p>
<p>You will have to get a loan for that - sorry. Also, the Swedish government student loans and grants will only get you slightly less than half way.</p>
<p>Ah great, thanks snipanlol. I would appreciate if you could elaborate on this though. Is it the monthly payments that are a must or what? </p>
<p>Also would it be better to take a 120K+ loan to pay for the school fees (as a lump sum), and then just repay the loan on a monthly basis or how will this work? (I'm sure I can find more info on this if I search but I havent started to prep for this part yet so excuse my laziness)</p>
<p>And finally I was wondering when one has to show if he/she is capable of going without financial aid i.e any specific certification that needs to be disclosed with the application (with other words does one need to "show" the money on some way through letter from bank or something) or will this be a case first AFTER one gets admitted?</p>
<p>This option is the one I meant: <a href="http://www.sfs.upenn.edu/paying/paying-tuition-stabilizer-program.htm%5B/url%5D">http://www.sfs.upenn.edu/paying/paying-tuition-stabilizer-program.htm</a></p>
<p>tuition stabilizer program, prepaying the 4 years of tuition. For this option I guess one would take a bankloan on the sum needed for say class of 2010 which is $136,624. I guess that way one has already prepayed all his costs for school and can focus on paying of the bankloan?</p>
<p>Essentially, if you start repaying the tuition afterwards it is like taking a loan for the entire cost. Penn itself offer no such loans, and I doubt many financial institutions would do so without a co-signer or collateral. I don't know what your personal situation is like and I am not that well versed in the workings of the loan market.</p>
<p>You disclose the certification with your financial aid papers - and since you are not applying for financial aid it will be just the certification.</p>
<p>Alright, I pretty much got the picture now.</p>