Wharton Social Impact Initiative announces 2014 MBA loan forgiveness fund


The world of business is changing. With it, Wharton graduates’ aspirations are changing too.

For recent Wharton alumni lending their business knowledge to careers in the nonprofit or public sectors, a social-impact focused fund managed by the Wharton Social Impact Initiative can help ease the burden of student loans.

The John M. Bendheim Loan Forgiveness Fund for Public Service will grant up to $20,000 per year to pay down selected candidates student loans. Created in 2005 by John Bendheim, W’40, and his son Tom, WG/Lauder’90, the loan forgiveness fund has granted close to 100 awards and nearly $1 million to date. This resource is open to MBAs during the first five years after graduation, and candidates can apply more than once over the five year period.

Bendheim Fellows
John Bendheim, W’40, and Tom Bendheim, WG/Lauder’90, with previous winners of the loan forgiveness fund.

A look at previous winners reveals a diverse network of Wharton alumni creating change around the world —  including teachers advocating for the arts, financial analysts for state education departments, and government thought-leaders in cities across America and abroad.

A competitive selection process includes evaluation by a committee that draws from WSII, Financial Aid, MBA Career Management, MBA Admissions, Wharton’s Executive MBA program and the MBA Program Office, as well as input from previous award recipients.

Applications are open now, and must be submitted online by October 20, 2014. Eligible candidates must be Wharton MBA graduates from the class of 2010 onward, currently employed full-time in a public sector or nonprofit position. To learn more, read our FAQ. To view additional requirements and submit your application, visit http://bit.ly/bendheim_apply.