Owl About the Money A Guide to Understanding Financial Aid

Owl About the Money A Guide to Understanding Financial Aid & Temple University Payment Options

Student Financial Services is here to assist students & families in making their college education affordable We operate on a walk-in basis and meet with students/families to discuss aid options to cover educational expenses This includes: Federal Grants- Pell Grant, SEOG Grant, Workstudy Federal Loans for Students & Parents PHEAA State Grants (for PA residents) Scholarships Veterans Benefits ( Not certifying official) Certification of Alternative/Private Loans

How to Contact us? The best way to get in contact with us is for students/families to visit our office. We use a queuing system that allows students/families to join our virtual line via their phones. Students/Families will receive text alerts when they provide cell phone number

How to Contact us? Our office also utilizes a ticketing system for our call center and emails that are sent to SFS. Call & email volumes are high during the start of each semester. For a faster response we recommend that students visit the office. Students/Parents calling us at 215-204-2244 will be assigned a ticket number. A financial aid representative will then call or email you back with the answer(s) to your questions. All emails sent to SFS also generate a help ticket. Students can then track their ticket(s) via their TUPortal. Students can also initiate a help ticket online at: https://tuhelp.temple.edu/

Office Location Student Financial Services SFS 1803 N. Broad Street Ground Floor, Carnell Hall (215) 204-2244 https://sfs.temple.edu We are located at the corner of Broad & Montgomery- across the street from Pearson & McGonigle Hall.

FAFSA- Free Application For Student Aid How to Apply Who can receive Federal Aid? Federal student aid: fill out Free Application for Federal Student Aid (FAFSA ) at fafsa.gov U.S. citizen or permanent resident High school graduate/GED holder Eligible degree/certificate program 2020-2021 FAFSA uses 2018 IRS tax information Valid Social Security number Males registered for Selective Service The 2020-2021 FAFSA is for Fall 2020, Spring 2021 & Summer 2021 Satisfactory academic progress in college/career school

Types of Federal Aid Grants ( Free funding) Federal Pell Grant Federal SEOG Grant Federal Workstudy Grant Loans ( Funding that must be paid back) Direct Subsidized Loan- Student is the borrower No interest accruing while enrolled in at least 6 credit hours. Direct Unsubsidized Loan- Student is the borrower. Interest is accruing while student is enrolled. Parent Plus Loan for Undergraduate Students Parent is the borrower- based on credit.

Financial Aid Offer

Cost & Aid Tab ANCIAL STUDENT FIN SERVICES

THE FINANCIAL AID OFFER IS PACKAGED FOR THE FULL YEAR FALL & SPRING SEMESTER(S) Student Profile

Gift Aid/Free Funding Listed Here Cost of Attendance Budget This is NOT your bill Here yo u will se charges e billab le and als o an es for nont im ate billable charges

Estimate Balance Due After Gift Aid Balance after Free Funding In this section we are taking the billable charges ( tuition, fees, actual resident hall charges, actual meal plans and subtracting any Gift Aid to come up with the difference. The amount shown will be for the total aid year ( Fall & Spring)

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How To Calculate Out-of-Pocket Cost

Tuition Calculator We strongly urge students/families to use the calculator at bursar.temple.edu to figure out the total cost of attending Temple University.

Tuition Calculator- (2019-2020 Rates displayed) Results can be printed, sa saved, or emailed in in ing in liv v i e r a u If y o ousing H y t i s r l Unive a Mea g n i s in u r and/o ect Add elle s , n la a Pl l Plan a e M r o in g Housin Select Add Pay ment ym Methods to dete rmine how you’ll fin finance your education

Looking for Additional Resources/ Payment Options

Need Based Aid vs. Merit Based Aid Need-Based Aid Merit-Based Awarded by Admissions’ Office at the time of acceptance. Ex. President, Deans scholarship Awarded by Financial Aid Office Eligibility is determined by a review of the students/families finances. Generally the results the FAFSA application are used to determine a student's "financial need.“ Some schools/colleges offer their own merit based scholarships. Eligibility can range from a student's academic, artistic, or athletic accomplishments (not limited to theses categories). In most cases, a student's "financial need" will not play a part in determining a student's eligibility.

Outside Scholarship Search Tips Apply Early! Conduct your scholarship searches early! Most scholarship deadlines for 2020-2021 are January 2020- March 2020 Let our office know if you are expecting an outside scholarship. Research the Scholarship Popular Scholarship Search Sites: Bigfuture.collegeboard.org Be careful who you apply with! Fastweb.com ScholarshipAmerica.org You should never be asked for personal information such as your Social Security Number or for payment. Finaid.org Peerlift.org Create a separate email address just for scholarship applications. Scholarships are taking into consideration when calculating needbased aid and cost of attendance.

iGrad- Financial Literacy iGrad is the financial literacy platform that Temple uses to educate students about how to effectively manage their finances. Features include: Scholarship Search Student Loan Snapshot Courses Articles Webinars Quizzes Games The platform is available for all admitted students and their families.

Bursar Office

Bursar Office Bills for tuition and fees, including University housing, as well as providing timely information regarding your financial account status. Collects payments for students’ accounts either through the disbursement of funds through Student Financial Services, third party sponsors, and processing of personal payments. Processes and deposits funds collected by other University departments, in accordance with Temple’s Cash Handling policy.

Cost & Aid Tab VIEW BALANCE CONNECT TO TU p ay RAD G I S ES ACC PRINTABLE STU DENT ACCOUNT STAT EMENT USE T CALC UITION ULAT OR

TUpay View your current balance and payment due date Access real-time view of your student account Make payment by electronic check or credit card Check refund status and sign-up for direct deposit Create an Authorized Payer (parent, etc.) An Authorized Payer is someone that a student grants access to TUpay on his/her behalf. They have the same TUpay functions as students.

Sign-up an Authorized Payer FILL OUT FI E L DS

Sign-up an Authorized Payer Authorized Payers access TUpay at http://tupay.temple.edu Watch a video explaining TUpay and how to create an Authorized Payer at https://bursar.temple.edu/how-to-videos

Direct Deposit Sign-up for Direct Deposit (Student Choice Refunds) Easy access through TUpay Refunds available sooner and safely deposited directly into your bank account No waiting for checks via snail mail

Sign-up for Direct Deposit SELEC T EDIT RE ON NE FUND MET HOD XT PA GE

Paying Your Tuition and Fees Fall balance due notifications are issued starting the 3rd week of July No charges will appear until students have registered for classes Newly registered students will receive balance due notifications on the Monday following registration Notifications are sent to electronically to Temple email accounts and to authorized payers

Ways To Pay Online (TUpay) (electronic check and credit card) Payments by mail (check only) Payments in-Person (cash, check or money order) PA 529 College Savings Programs- If you participate in either the Guaranteed Savings Plan or Investment Plan programs, you must first contact the program to request that a payment be issued to Temple University. International payments- Flywire-Students can make international payments with real-time currency conversion. This service offers 24-hour support in multiple languages.

Temple Installment Payment Plan TIPP is an interest-free prepayment plan administered on behalf of the University by Higher Education Services, Inc. (HES). The plan allows Temple students to make up to ten regularly scheduled monthly payments starting in May towards their future charges (five payments for fall and five payments for spring). Students can finance all or a portion of their charges by paying a 50 application fee. Payments can be made directly to Higher Education Services, Inc. by check, preauthorized debit, or credit card. Credit card payments are subject to a convenience fee of 3.5%. http://www.highereducationservices.org/apply .cfm?school temple

FERPA- Family Educational Rights & Privacy Act

Action Items File a FAFSA View Financial Aid OfferTUPortal Check for unfulfilled aid requirements via TUPortal Check your Temple email regularly Sign up for Direct Deposit Open a checking account Sign up Authorized payers(This person will receive billing Sign a FERPA waiver for a family member Check out iGrad for scholarships and information on managing your money Create a budget

Important! You’ll receive email notifications of your balance due to your TUmail account and the authorized payer’s email. Payment is due in September (check bursar.temple.edu for due date schedule)

Online Resources Student Financial Services http://sfs.temple.edu/ Bursar Office https://bursar.temple.edu/ FAFSA Information PHEAA https://studentaid.gov/ https://www.pheaa.org/