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Financial Need

Federal regulations require that a student’s total annual student financial aid, including loans and work study, not exceed a student's annual cost of attendance. For most students, financial aid only meets part of their financial need.  Completing the Free Application for Federal Student Aid (FAFSA) is the first step in determining the types of aid for which you are eligible.

Your financial aid eligibility depends on your FAFSA determined Expected Family Contribution (EFC), your year in school, your dependency status, your residency, your enrollment status (full-time assumed), and the direct costs associated with your chosen school/college and housing selection. The is differential tuition charges among Temple Unviersity's schools/colleges, therefore it is very important to utilize the University's Tuition Calculator resource as a way to estimate the current or upcoming year's total bill.  

Cost of attendance

Financial aid awarding begins by creating standard cost of attendance (COA) budgets for all students. These budgets reflect modest, yet adequate, expense patterns of Temple students. Temple University will calculate undergraduate and graduate student’s COA to reflect total costs for the school year (for instance, a common COA is for both the fall and spring semesters). Students that require additional loan funding may only borrow up to their total cost of attendance.  

If you're attending at least half-time, your COA components may include:

  • tuition and fees;
  • the cost of room and meal plan (or living expenses for students who do not contract with the school for room and meal plan); 
  • the cost of books, supplies, transportation, loan fees, and miscellaneous expenses (including a reasonable amount for the documented cost of a personal computer);
  • an allowance for child care or other dependent care;
  • costs related to a disability; and/or
  • costs for eligible study-abroad programs (provided by Temple University's Education Abroad office).

Utilize the University's Tuition Calculator to create an estimated student account statement to include tuition, University fees, housing and meal plan budget for the year! You can also input estimated financial aid figures, personal savings and other resources into the Tuition Calculator tool. Remember - a financial cost of attendance budget may include slightly higher figures because it is based on an annual tuition/fees and housing/meal plan increase of approximately 3%. It also includes indirect expenses (not billable) for students. We do not recommend that students aim to borrow additional loans up to their total cost of attendance. 

The cost of attending Temple University can be different for each student, depending on variables such as degree program, housing selection, special course fees and individual, educational needs. All students can view their annual cost of attendance in the Self-Service Banner (SSB) section of their TUportal account. Navigate to the Financial Aid section of SSB then to Award for Aid Year and then into Award Overview

Example of Estimated Cost of Attendance for Fall/Spring College of Liberal Arts & Fox School of Business and Management 2019-20:

 

 

College of

Liberal Arts

Fox School of Business and Management

College of

Liberal Arts

Fox School of Business and Management

 

PA Resident

PA Resident

Non-PA Resident

Non-PA Resident

Tuition & Fees 1

$16,970

$21,506

$29,882

$38,498

Housing & Meal Plan 2

$14,130

$14,130

$14,130

$14,130

Books/Supplies

$1,462

$1,462

$1,462

$1,462

Other (transportation, loan fees, etc.)

$2,994

$2,994

$3,910

$3,910

Total Budget

$35,556/year

$40,092/year

$49,384year

$58,000/year

1 These are tuition and fees based on approved 2019-2020 University rates. Tuition and fees vary depending on a student’s school/college, enrollment status (falt rate for undergraduate students enrolled 12-18 credits). The upcoming year tuition and fees will be confirmed by the Board of Trustees at Temple in mid-July and we advise families to plan on approximately a 3% increase. 

2 The housing and meal plan rate in the financial aid cost of attendance is a based on the average. The estimated housing and meal allowance total for a commuting student is $2602/year.

3 The Office of Student Financial Services does not have sufficient funding to meet a student’s full demonstrated need. Other options to cover costs may be through outside scholarships, resources from private sources, personal savings or additional loan sources. 

Direct University charges (charges that are billed directly to students):

Estimate of Indirect Expenses (charges incurred by most students, but not billed directly by the University):

  • Books and supplies
  • Off-campus room and board
  • Transportation and Personal Expenses

Temple University uses average budgets in the initial determination of need. Once the Board of Trustees confirms the upcoming year's tuition and fees in mid-July, the Office of Student Financial Services may adjust students' COA based on the newly published figures. 

The cost of a graduate education at Temple University varies from student to student and from program to program. Obtain tuition and fee information from the University's Tuition Calculator or by researching the school or college you plan to attend:

 

Expected Family Contribution

Your Expected Family Contribution (EFC) is an index number that the Student Financial Services office uses to determine how much financial aid you are eligible to receive for the year. The information you report on your FAFSA is used to calculate your EFC.

The EFC is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year. The U.S. Department of Education's Office of Federal Student Aid's EFC Formula guide shows exactly how an EFC is calculated.

Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by Student Financial Services to calculate how much financial aid you are eligible to receive.

Need-based Aid

The Student Financial Services office subtracts a student’s EFC from the COA to determine the amount of financial need a student has and therefore how much need-based financial aid they qualify to receive for the year.

Need-based aid is financial aid that you can receive if you have financial need and meet the eligibility criteria. You can’t receive more need-based aid than the amount of your financial need. For instance, if your COA is $6,000 and your EFC is 2000, your financial need is $4,000; so you aren’t eligible for more than $4,000 in need-based aid. The Student Financial Services office is required to adjust financial aid awards to remain within a student's financial need figure for the year.

The following are sources of financial aid that have a need-based component:

  • Federal Pell grant
  • Federal Supplemental Educational Opportunity grant (FSEOG)
  • Federal Direct Subsidized loan
  • Federal Work-Study
  • Pennsylvania State grant 
  • Pennsylvania Ready to Succeed Scholarship
  • Non-Pennsylvania state grants 
  • Temple University grant
  • most Temple University scholarships (awarded by Admissions or school/colllege)
  • Temple University tuition remission (Main Campus and Health System)
  • Outside grants and scholarships
  • Employer tuition remission
  • some Veteran's benefits

Non-Need-Based Aid

Non-need-based aid is financial aid that is not based on your EFC. What matters is your COA and how much other assistance you’ve been awarded so far. For instance, if your COA is $6,000 and you’ve been awarded a total of $4,000 in need-based aid and private scholarships, you can get up to $2,000 in non-need-based aid.

The following are some of the non-need-based sources of financial aid.