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FAQ's
- Does
my financial need affect my admission?
No. Your admission to the
University is determined solely on academic qualifications.
- When
are financial aid decisions made?
After you have been admitted
to Temple University, and after we have received the results of the
processing of your FAFSA (Free Application for Federal Student Aid),
we determine your need and the amount of aid we can offer. Note: Temple
must be one of the schools listed on the Student Aid Report (SAR)
to receive the results of your processed FAFSA. For students who apply
for September admission, we begin making aid decisions in March. We
mail financial aid award letters as soon after admission as possible,
usually within two weeks. For new students, in addition to receiving
an award letter by mail, financial aid award letters appear
online on OWLnet using your student PIN. For returning students
reapplying for financial aid, decisions are made beginning in April.
All returning students financial aid award letters appear online on
OWLnet and are not mailed. If at any time you have a question about the status of your financial
aid application, call us at (215) 204-2244.
- What
forms do I need to complete?
You need to complete the
FAFSA by March 1. You and your parents
supply information about income, family size, and the number of family
members in college. The federal government uses this information to
determine your family contribution. We then determine your need and
notify you of financial assistance. The form is available from the
Student Financial Service Office, high school guidance offices, and
on-line at www.fafsa.ed.gov.
- How
is my financial need determined?
Financial need is Temple's
cost of education minus your EFC (Expected Family Contribution). Since
educational costs vary between colleges and universities, your need
will vary from school to school. The amount you and your parents are
expected to contribute will be constant, however, provided your financial
circumstances remain the same. Your contribution is based on your
own resources. Your parents' contribution depends on many things,
including the number of children in your family and the number in
college, as well as assets and income.
- I
am an adult student, not supported by my parents. How will that affect
my financial aid?
At Temple University, financial
aid is available to all eligible students who have been admitted to
a degree program and are enrolled at least half-time (six credit hours)
each semester. Financial need for adults is calculated on the basis
of the total cost of education, your income and your spouse's (if
applicable), and your savings. We also consider that, as a self-supporting
adult, you have greater financial responsibilities than the average
18-year-old student.
- What
happens if I receive aid from another source, like a corporation or
fraternal group?
The Student Financial Service
Office will review any aid you receive from outside sources to determine
if the total exceeds your financial need. Adjustments may also be
required by federal, state, or university regulations.
- Why
do I have to reapply for financial aid every year?
Because your financial
situation, the availability of funds, and the number of students requiring
aid varies from year to year. To renew aid, you must reapply each
year by March 1, continue to demonstrate
financial need, and make satisfactory academic progress.
- I
have a bachelor's degree but want to earn another bachelor's degree
in a different major. What financial aid can I apply for?
You can apply for a Federal
Perkins Loan (if you did not exhaust your eligibility) and Federal
Work-Study. You can also apply for a Federal Stafford Loan (if you
did not exhaust your eligibility). In addition, your parents may apply
for a PLUS for you if you a dependent student. You
are not eligible for Federal Pell Grants, PA State Grants, Temple
University Grants, or Federal SEOG.
- My
parents are divorced. The parent I live with has remarried. Do I include
my stepparent's information on the form?
Yes. You will need to complete
the form using your stepparent's information. When the form says "parents",
it means the parent you live with and stepparent
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