by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Uncover the various financial aid options provided by Temple and determine which ones you may be eligible for by continuing your exploration.
$9,986.00 is the typical Temple University’s first year financial aid package. A significant 91% of freshmen benefit from financial aid, with the main type being loans.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Temple University you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers apply to scholarships and grants largely offered by the school itself.
78% of incoming freshmen (3874 total) were given scholarships at Temple University, averaging $8,749.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of freshman students (2514 total) obtained federal grant aid, averaging $3,669.00 a piece.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.51% | $15,053.00 |
| Income 30k-48k | 5.89% | $13,871.00 |
| Income 48k-75k | 7.04% | $11,658.00 |
| Income 75k-110k | 7.75% | $8,891.00 |
| Income 110k + | 17.44% | $4,852.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
4235 Temple undergrads obtain grant aid (this is about 91% of the entire undergraduate student population). The average amount these students receive is $9,986.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.