Applying for Financial Aid

Key Dates:

  • January 1
    Earliest you can file the Free Application for Federal Student Aid (FAFSA) for the school year beginning in September. The FAFSA application must be completed online at http://www.fafsa.eg.gov
  • .
  • March 1
    Priority deadline for freshman, transfer and continuing students to complete the Free Application for Federal Student Aid (FAFSA).
  • May 1
    Deadline to apply for the Pennsylvania Higher Education Assistance Agency (PHEAA) State Grant. Completion of the FAFSA prior to May 1st ensures that the May 1st deadline is met for PHEAA. No separate application is required.
  • After May 1 students may still apply for funds from the Federal Direct Loan Programs (Federal Direct Student Loans, Federal Direct Parent Loans for Undergraduate Students) and the Federal Pell Grant Program.

FAQ’s about FA

What is financial aid?
Student financial aid is money awarded to assist students and families in paying for the costs of higher education. Financial aid is available from Temple, federal and state governments, and private organizations. Financial aid is awarded on the basis of need and merit. Merit aid is based on special skills, talents or academic abilities. Need-based aid is awarded to applicants demonstrating financial need as determined by the Free Application for Federal Student Aid (FAFSA).

What is financial need?
Need is the difference between the cost of attending an institution and a family’s ability to pay, or EFC- expected family contribution. The Free Application for Federal Student Aid (FAFSA) collects income and asset information, and must be submitted to the deferral processor for analysis and computation of the EFC. This application enables Temple students to apply for all types of student aid without paying a fee.

What are the types of aid?
Financial aid consists of scholarships and grants that do not have to be repaid; loans that must be repaid; and Federal Work Study, an employment opportunity designed to help students meet education-related expenses.

Who is eligible?
Any student who is a U.S. citizen or eligible non-citizen, enrolled in a minimum of six credits per semester in a degree program at Temple, and maintains satisfactory academic progress as outlined by university policy is eligible.

When do I apply for aid?
All undergraduate students at Temple must apply for aid by March 1. Students and their families must reapply for financial aid by filing the FAFSA each year before March 1.

Why apply early?
To be considered for all types of financial aid, we recommend that students and their families file deferral income taxes early, complete the FAFSA, and submit all requested documentation to the financial aid office by March 1. Once Student Financial Services receives the completed application, the application will be processed and award notification will be sent to the student.

Completing Your Financial Aid Application

Follow up several weeks after submitting the FAFSA to the federal processor, you will receive your Student Aid Report (SAR). The SAR is a summary of the information supplied by you on the FAFSA application. Review it carefully and submit corrections as soon as possible.

Review your award letter carefully. Award letters are sent electronically via your Temple University email account. You may also view your award on Self Service Banner (SSB) via the TUPORTAL.

Inform Student Financial Services of any outside scholarships. Your financial aid package cannot be finalized until all courses of financial assistance are considered. Please note: Late scholarships may change your award.

Complete loan requirements if you plan to borrow federal loans, you must complete a Master Promissory Note (MPN) and the Entrance Interview online at http://www.studentloans.gov you will receive information about accepting and applying for your loans with your award letter. Borrow only what you need.

Be prepared to start the semester. We recommend that students have enough money for books, supplies and personal expenses. Please plan accordingly.

Important Resources
Main Campus Student Financial Services
   215.204.224
   http://www.temple.edu/sfs
Free Application for Federal Student Aid
   http://www.fafsa.eg.gov
Federal Financial Aid Information
   http://studentaid.ed.gov
AES/PHEAA
   Grant Information http://www.pheaa.org
   Loan Information http://www.studentloans.gov
Federal Student Aid Information Center
   800-4-FED-AID
   800.433.3243