Two students from the University of Pennsylvania and two Penn alumni are among 111 recipients of the inaugural Schwarzman Scholarships. The award funds one year of graduate studies at Tsinghua University in Beijing for each recipient. More than 3,000 people applied for the program.

Beginning in September, scholars will live in Beijing at Schwarzman College, a newly constructed state-of-the-art building on the Tsinghua campus built exclusively for the program. The first class of Schwarzman Scholars is composed of students from 32 countries and 71 universities.

Angela Chen, a Wharton senior from Vestal, New York, will pursue a master’s degree in economics and business, studying health-care challenges in China from medical and economic perspectives. A member of the Beta Gamma Sigma academic honor society and a Joseph Wharton Scholar, she led the launch of a public health initiative in West Philadelphia while conducting research on hospital charity care. She will graduate from Penn in May with a bachelor’s degree in economics concentrating in health-care management.

​Aaron Goldstein, a Wharton senior from Philadelphia, Pennsylvania, will pursue a master’s degree in economics and business as a Schwarzman Scholar. After co-founding the mobile health-care company Fever Smart, he was named Entrepreneur magazine’s College Entrepreneur of 2014. He hopes to leverage his knowledge of China to become a mediator betweenChina and the West, helping to facilitate the exchange of ideas and products across borders. He will graduate from Penn in May with a bachelor’s of science degree in economics with concentrations in risk management and finance.

The students applied for the Schwarzman Scholarships with assistance from Penn’s Center for Undergraduate Research and Fellowships (CURF). Penn is one of only five universities worldwidewith more than three recipients. The others are Harvard, Yale, Princeton and Tsinghua.

Daniel Goldstern and Ryan Marschang are the two Penn alumni recipients of the Schwarzman.

Mr. Goldstern graduated from Penn in 2013 with a bachelor’s degree in political science. He studied in Beijing, where the scale and complexity of China’s urban centers and infrastructure inspired the direction of his career. He is a real estate investment professional with Silverstein Properties. Mr. Goldstern will pursue a master’s degree in economics and business at Tsinghua.

Mr. Marschang graduated from Penn in 2014 with degrees in chemical engineering and economics as a member of the Jerome Fisher Program in Management and Technology. He currently works as a reservoir engineer for ExxonMobil. At Penn, he gained experience in early stage venture capital work by helping to found the Dorm Room Fund in 2012. The previous year, he co-founded a building-integrated photovoltaic company. Mr. Marschang will focus his studies as a Schwarzman Scholar on Chinese energy policy and sustainable development in China.

The complete list of Schwarzman Scholars is available at http://schwarzmanscholars.org/scholars/ Information about applying for the scholarship is available on the CURF website at http://www.upenn.edu/curf/fellowships/fellowships-directory/schwarzman-scholarship