Financial Aid Glossary

A Temple education is an investment—possibly the largest of your lifetime. Deciding how to pay for it is an important choice. Familiarize yourself with the following terms and understand your options for student aid at the Klein College of Media and Communication.

Loan Aid

Loans are made to individuals by government agencies and private lenders for education costs to be repaid, usually with interest, after the program has been completed.

Gift Aid

Some aid to students does not have to be repaid at any time. Gift aid includes scholarships, awarded to students based on merit, and grants, awarded based on financial need.

Award Letter

Award letters are official documents that are issued by Student Financial Services and list the financial aid awarded to students.

Cost of Attendance

The cost of attendance includes tuition, fees and living expenses while attending school. It is determined by the school, using guidelines established by federal regulations.

Federal Methodology

The formulas used to determine a student’s eligibility for federal Title IV funds. The formulas take into account income, expenses, family size, some assets and other factors. It is written by Congress.

Free Application for Federal Student Aid (FAFSA)

This federal aid application must be completed by all students who wish to be considered for financial aid at Temple University.

See a full explanation of tuition and fees, provided by the bursar’s office.

Review the latest financial aid bulletin for information about applying for aid.