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Student Aid News!

Don´t Panic! If you´ve heard rumors PHEAA won´t be able to help you get a loan, they´re just not true. If you want to go to college, PHEAA can help you pay for it.

Here are some basic facts to help you understand.

What is happening?

PHEAA has decided to temporarily suspend acting as a lender in the Federal Family Educational Loan Program (FFELP). This includes Stafford, Parent PLUS, Graduate PLUS, and Consolidation loans. PHEAA is still able to serve the financial aid needs for Pennsylvanians and other students from around the country.

Currently, for the 2007-2008 academic year over 200 lenders continue to participate in our low-cost KeystoneBEST student loan program and we remain committed to meeting the borrowing needs of students and families. Although PHEAA will temporarily no longer issue loans , they will continue to pay the 1% federal default fee for KeystoneBEST loan borrowers.

How will this affect me?

For most borrowers, AES/PHEAA will continue to service their new loans. This means you can still contact us whenever you have a question or problem.
AES/PHEAA will continue to handle and service repayment of the student loans.
If you chose AES/PHEAA as your lender and you need new loans. You may not use AES/PHEAA as a lender, your school will ask you to select a new lender and complete a new Master Promissory Note.

Financial Services

Important Financial Aid Information for Graduate Students

  • No Grant eligibility for students who have obtained a Bachelors degree
  • You must be registered and taking a minimum of 6.0 Credits hours (half-time status) to be eligible for Student Loan Assistance
  • Non-matriculated students may qualify for 25% of the maximum annual loan limit.
  • No deadline for the FAFSA, however it is recommended that you complete the FAFSA as soon as you file your tax returns.
  • The academic award year begins on July 1st and ends on June 30th (FAFSA available as early as March)

Stafford Loan Limits and Benefits

  • Federal Stafford Loan Annual limit is $20.500.00 (Max Subsidized if eligible is $8,500.00)
  • Fixed, low interest rate of 6.8%
  • No credit check required
  • No payments while you attend school at least half-time
  • Subsidized interest payments for those who qualify
  • 6-month grace period when you leave school
  • No penalties for paying your loan off early
  • Take 10 years to repay – longer with flexible repayment options

NOTE: The subsidy of the loan is determined by the schools financial aid office. If you do not have sufficient need to qualify for a subsidized loan, you may qualify for an unsubsidized loan. Loan eligibility is determined by the students undergraduate loan amounts/limits and current need. Also, the school may limit the amount that you can borrow based on your enrollment status and credit/clock hours.

Steps for applying for financial aid

Step 1

Fill out an Application for Federal Student Aid (FAFSA) online at www.FAFSA.ed.gov
Temple´s school code is 003371. The FAFSA can be signed electronically using a PIN number assigned to you by the USDE. If you do not already have a PIN established or you forgot your PIN number you can request one at www.pin.ed.gov

Step 2

Submit a request for financial aid; Go to www.temple.edu/sfs Select Forms and request the appropriate Form for your status Graduate or Non Matriculated.

Step 3

Complete the online Entrance Counseling Session online at link opens in new windowhttp://www.fc.campusoncall.com/cgi-bin/home.pl?FromAdmin=1&campus=temple.

Step 4

Check your OwlNet account periodically for award information, when the award information is displayed, proceed to Step 5

Step 5

Complete the Master Promissory Note, the promissory note must be signed and sent back to AES/PHEAA at PO Box 8175, Harrisburg, PA 17102 OR you may sign the note electronically using the PIN number assigned to you by the United States Department of Education, the same PIN number you used to sign the FAFSA. You may access the electronic loan application at www.aessuccess.org Select Stafford Loans Apply now.

Third Party Billing

If your employer is paying your tuition up front, they must write a letter verifying that they will pay the tuition in full upon receiving a bill. The letter must be dated, signed and verified on company letter head. The letter should be sent to Temple University Harrisburg, 234 Strawberry Square, Harrisburg PA 17101 to the attention of Shellie R. Smith, Student Financial Services Specialist.

Note: If your employer offers tuition reimbursement, this is NOT 3rd Party Billing. You are responsible to pay your tuition up front and your employer will reimburse you. The school will not hold your bill until you receive the funding from your employer.

Confirmation

If there is a delay in processing your financial aid or you have not received notification of your financial aid; you may need to confirm your enrollment in the selected class. You may do this by accessing OWLnet, and select the tab Financial Service and then select Confirmation.

Enrollment Verificationlink opens in new window

If you need correspondence verifying your enrollment at Temple University Harrisburg, you can create this letter at OWLnet. Select, "Additional Services", then select "Verify Enrollment" located on the left side. You can print the enrollment verification letter for any period of enrollment at the school.

If you should need the letter signed, please feel free to contact Shellie Smith, Student Financial Services Specialist at (717) 232-6400.

Have a question? Let me help you.

Shellie SmithShellie Smith
Student Financial Services Specialist
srs@temple.edu
(717) 232-6400 X228