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The Pennsylvania State University

The Mary Jean and Frank P. Smeal College of Business
Address: Penn State University
202 Business Building
University Park, PA
US 16802

Program E-Mail | Program Web site

B-SCHOOL & PROGRAM BASICS
The Pennsylvania State University is a public institution. Its undergrad business program was founded in 1953 and is accredited by AACSB, International

Summer 2006 classes begin 05/15/2006
Fall 2006 classes begin 09/05/2006
Spring 2007 classes begin 01/16/2007
Summer 2007 classes begin 05/21/2007

Enrollment
Total undergraduate business school enrollment 4,797
Total full-time undergraduate business students 4,797
Total part-time undergraduate business students 0
Total distance undergraduate business students 0

Total graduate business school enrollment 300
Full-time MBA students 139
Part-time MBA students N/A
Distance MBA students N/A
Executive MBA students 45
PhD program students 68
Doctorate of Business Administration (DBA) students 68

STUDENT PROFILE: MOST RECENT ENTERING CLASS
Female students in class 37
International students 5
Married students N/A

For U.S. schools only:
African American students 4
Alaskan Native of Pacific Islander American students 1
Asian American students 9
Mexican American students N/A
Puerto Rican students 1
Other Hispanic American students 3
White (non-Hispanic) students 72
Multiethnic/Multiracial students N/A
Not reported 6
Other 1

North American students by region:
Canada 1
Mid-Atlantic U.S. 70
Midwest U.S. 1
Northeast U.S. 17
South U.S. 1
Southwest U.S. 1
U.S. Possessions and territories 0
West U.S. 1

8.00% of students are nationals of a country outside the U.S.

CLASS TRAITS: MOST RECENT ENTERING CLASS
Required standardized tests SAT, ACT
SAT Scores for full-time entering business students
Average 1197
Median 1200
Range (Middle 80%) From 1030 to 1360
Minimum SAT Score N/A

ACT Scores for full-time entering business students
Average 25
Median 26
Range (Middle 80%) From 21 to 30
Minimum ACT Score N/A

Minimum High School GPA N/A
Does the school require an entrance exam? No

Student Age (years)
Average 18
Median 18

For Internal Transfers
Minimum overall college GPA 3.00
Additional application requirements
Completion of ten foundation courses in business and general education.

ADMISSIONS
University Application fee (resident) $50.00
University Application fee (nonresident) $50.00
University Application fee (non-resident transfers) $50.00

Business program application fee (freshman resident) $N/A
Business program application fee (non-resident freshman) $N/A
Business program application fee (internal transfers resident) $N/A
Business program application fee (internal transfer non-resident) $N/A

The university admissions office manages admissions to the business program
25,543 people applied to undergraduate programs for the 2005 academic year. The school accepted 79.00% (selectivity) of those applicants, and 31.00% of admitted applicants (yield) enrolled.
N/A% of applicants had applied in prior years, and of those reapplicants N/A% were accepted.
The university placed N/A applicant(s) on its wait list. N/A wait-listed applicants were admitted to the semester for which they applied.
Business program Does admit freshmen
Freshmen apply Indicating interest on university application Admitted as pre-major students for 2 years.
Internal transfers apply Declare business major, Other In addition to freshman admits, business and non-business students declare business major jr. year.
3,284 freshmen (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year.
75.20% of these applicants were admitted to the program and 26.20% of admitted students enrolled.
1132.00% internal candidates (admitted and denied) sought full-time admission to the business program for the 2005-2006 academic year. 80.00% were admitted to the program.
Applicant Profile
Female applicants 48
International applicants 5

Interviews for applicants are not required
Additional application requirements (including those for international students): TOEFL instead of SAT or ACT for non-English speaking. Official transcript for transfer credits.

COSTS
Annual Total Program Costs
(including all tuition and required fees, for full-time students)
Resident U.S. $13,110.00
Non-resident U.S. $23,486.00
Room and Board $7,066.00
Books $1,300.00
Other Expenses $0

Tuition per credit hour (U.S. dollars)
Resident $526.00
Nonresident $958.00

2006-2007 DEADLINES
University Application deadlines for:
Summer 2006 11/30/2005
Fall 2006 11/30/2005
Spring 2007 N/A
Summer 2007 11/30/2006

Business Program deadlines for:
Summer 2006 02/13/2006
Fall 2006 02/13/2006
Spring 2007 N/A
Summer 2007 02/12/2007

Financial Aid deadlines for:
Summer 2006 02/15/2006
Fall 2006 02/15/2006
Spring 2007 N/A
Summer 2007 02/14/2007

FINANCIAL AID
The university financial aid office manages financial aid for the business program
Financial Aid Web site
Total scholarship money distributed to business students through the financial aid office (June 30, 2004-June 30, 2005) $6,106,201.00
Total scholarship money to be distributed through the financial aid office (June 30, 2005-June 30, 2006) $N/A
Scholarships are awarded to students in the business program based on a combination of need and merit
Scholarships in the 2005-2006 academic year
Business students receiving scholarships 1,295
Business students receiving full-tuition scholarships 129
Need-based scholarships 90.00%
Merit-based scholarships 10.00%

How do applicants apply for scholarships?
Applicant files a Federal FAFSA and in some cases a college scholarship application.
The school does not offer a guaranteed loan to all business students (regardless of nationality)
The maximum amount a business student can borrow per year is: $N/A
The average outstanding debt among 2005 business program graduates is: $29,088.00

CONTACTS
Dean Judy Olian was hired 07/01/2000