Financial Need

Expected Family Contribution

Your expected family contribution (EFC) is an index number that Student Financial Services uses to determine how much financial aid you are eligible to receive for the year. The information you report on your FAFSA is used to calculate your EFC.

The EFC is calculated according to a formula established by law. Your family’s taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year. The U.S. Department of Education’s Office of Federal Student Aid’s EFC formula guide shows exactly how an EFC is calculated.

Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by Student Financial Services to calculate how much financial aid you are eligible to receive

Need-based Aid

The Student Financial Services office subtracts a student’s EFC from the cost of attendance (COA) to determine the amount of financial need a student has, and therefore how much need-based financial aid they qualify to receive for the year.

Need-based aid is financial aid that you can receive if you have financial need and meet the eligibility criteria. You can’t receive more need-based aid than the amount of your financial need. For instance, if your COA is $6,000 and your EFC is 2000, your financial need is $4,000; so you aren’t eligible for more than $4,000 in need-based aid. Student Financial Services is required to adjust financial aid awards to remain within a student’s financial need figure for the year.

The following are types of financial aid that have a need-based component.

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity grant
  • Federal Direct Subsidized Loan
  • Federal Work-study
  • Pennsylvania State Grant 
  • Pennsylvania Ready to Succeed Scholarship
  • Non-Pennsylvania state grants 
  • Temple University Grant
  • Most Temple scholarships (awarded by Admissions or school/college)
  • Temple tuition remission (Main Campus and Temple Health)
  • Outside grants and scholarships
  • Employer tuition remission
  • some veterans benefits

Non-need-based Aid

Non-need-based aid is financial aid that is not based on your EFC. What matters is your COA and how much other assistance you’ve been awarded so far. For instance, if your COA is $6,000 and you’ve been awarded a total of $4,000 in need-based aid and private scholarships, you can get up to $2,000 in non-need-based aid.

The following are some of the non-need-based sources of financial aid.