$4,893

Avg. Federal Grant

$5,944

Avg. Federal Loan

$195,894,066

Total Aid Awarded

Temple University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$195.894M

Financial Aid Official Website

sfs.temple.edu

At Temple University they encourage the students to have access to college education without any hindrances regardless of their background or means so they provide a number of financial aid options for the eligible students which involve scholarships, grants, loans and work-study programs. The university was able to provide financial aid to 79% of first-year Temple students. So they urge the students to explore the opportunities by applying earlier to Financial Aid and they should fill the FAFSA form beginning October 1st. 

The total aid awarded by Temple University is $195,894,066.

Scholarships

Temple University offers various scholarships to incoming and continuing undergraduate students to help them in assisting their education. They award more than $100 million in scholarships each year and many of our first-year students receive academic scholarships moreover these Scholarships need not be repaid. The scholarships can range from  Need-Based to Merit-Based awards. The eligibility for different scholarships vary and in most cases, students must be an enrolled full-time undergraduate student and seeking a degree in order to qualify for these scholarships.academic undergraduate scholarship

Some of the scholarships awarded by the university are as follows-

  • Bertha Pasternak Feldman Award
  • Elmer Roe Deaver scholarships
  • Henrietta S. Treen scholarship
  • RaiseMe micro-scholarship

Grants

Grants are often called “gift aid” because they are free money—financial aid that does not have to be repaid. Grants are often need-based. Let's look at different grant options available to TU students

Federal Grants

State Grant

  • PA State Grant

Institutional Grant

  • Temple University Grant

To know more about these grants, click here.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

25%

Institution Grant Aid

80%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$4,893

State Grant Aid

$3,640

Institution Grant Aid

$7,282

Pell Grant

$4,564

Temple’s mission is to provide an excellent education to talented and motivated students so. They are providing different grants to the students to make it financially possible for them to earn the degree at affordable expense.

Here is a detailed breakdown of the financial aids that you can expect to receive at Temple University. On an average, almost 72% of students get financial aids.

  • Approximately 29% of the students get Federal Grant Aid, which comes to around $4,893
  • Almost the same percentage of students receive the Pell Grant aid, which is 28% of the student population. The amount comes up to $4,564
  • 25% of the students are entitled to State Grant Aid, the amount for which is somewhere around $3,640
  • The most percetange of students at 80% receive Institutional Grants. The amount for this aid is around $7,282
  • A staggering 69% of the students take a loan at the default rate of 8.3%, the amount for which is $9,798 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,986

$30,001 - $48,000

$12,034

$48,001 - $75,000

$10,018

$75,001 - $110,000

$7,438

Over $110,000

$4,258

As we have mentioned earlier, the financial aids are given based on financial needs too. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect. In the income group of $0-$30,000, students can expect aids of approximately $12,986. For the next scale, which is $30,001-$48,000, the students receive grants of $12,034 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $10,018. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers$7,438, and the last cap which is anything above $110,000, the grant comes up to only $4,258.

Student Loans for Temple University

Average Loan Amount Average Loan Amount received per year.

$9,798/Year

Students Taking Out Loans

69%

Loan Default Rate

5.1%

Student loans can be of great support to those who are in need of short-term financial requirements. Moreover, loans can also cover that part of cost of attendance that is not covered up by the scholarships and grants. Temple University student loans are disbursed to the students at the beginning of each term. Let's look at some of the loan sources:

  • Federal Direct Loan (subsidized/unsubsidized)
  • Federal PLUS Loan (parent/graduate)
  • Federal Consolidation Loans
  • Alternate Loans (private loans)

To know more about these loan options, click here.

Other Colleges In Pennsylvania

West Chester University
West Chester University

West Chester, Pennsylvania

Marywood University
Marywood University

Scranton, Pennsylvania

Duquesne University
Duquesne University

Pittsburgh, Pennsylvania

Other Colleges In Philadelphia

Orleans Technical College
Orleans Technical College

Philadelphia, Pennsylvania

Peirce College
Peirce College

Philadelphia, Pennsylvania