b'40College Direct Cost Sampling: 2024-2025 EstimatesPennsylvania State and State-Related Institutions(in-state resident) Tuition and Fees*Room and Board*Lincoln University$14,360$12,159 Strategize forPenn State University$20,644 $14,474West Chester University$10,775$10,222The FAFSA and SAR are used Private Four-Year Institutions by colleges to determine Albright University$29,082 $14,426your financial need. Strategize forBentley University$64,408 $20,140They apply the following formula:Saint Josephs University$53,060$16,120 Cost of AttendanceTwo-Year InstitutionsStudent Aid IndexCommunity College of Philadelphia $4,912N/A = Financial NeedPennsylvania College of Technology $18,240$11,390 Schools do not, however, guarantee to meet your entire financial need.*Per year; amount may vary depending on such factors as course fees, major, meal plan, and dorm accommodations.Financial Aid 101 How Financial AidFew students can afford to pay for college on theirIs Determinedown. Financial aid is intended to make collegeStudents interested in receiving financial aid must affordable for everyone. fill out and submit the FAFSAFree Application Financial aid can be merit-based or need-based.for Federal Student Aid (pp. 44-45)which gives Merit-based aid is awarded in recognition of a colleges information about your familys financialstudents academic achievement, talents, or special situation. Some colleges also require you to completeskills. Need-based aid is awarded based on a familys the CSS Profile (p. 46) or their own form.ability to pay for college. The majority of aid providedIf you are a Pennsylvania resident, after you completeby colleges and universities is need-based. your FAFSA, you will be directed to the PHEAA There are many sources of financial aid. Financialwebsite to complete the online State Grantaid is provided to students by the federal government, Form (SGF) to apply for state grants. The PHEAA the state in which the student lives, the college to will ask you to list your top choice school. This can be attended by the student, and other public and be changed later if you enroll elsewhere. The steps private institutions. to applying for PHEAA are outlined at pheaa.org/Some forms of financial aid must be repaid whilegrants/state-grant-program/apply-renew.shtml.others do not have an obligation of repayment. Shortly after completing your FAFSA online, your Your financial aid package may include a combination FAFSA Submission Summary (FSS) will be available of both types of aid. at www.studentaid.gov/h/apply-for-aid/fafsa.Recommended resources for understanding The FAFSA submisssion summary shows your SAI, financial aid include www.khanacademy.org which indicates the amount you and your family (search paying for college), www.pheaa.org/ should be able to contribute to one year of college.grants/state-grant-program, and www.finaid.org.Estimate your Student Aid Index, or SAI. This helps colleges determine how much federal aid you would receive if you attended the school. https://student aid.gov/help-center/answers/article/what-is-sai'