b'40College Direct Cost Sampling: 2022-2023 EstimatesPennsylvania Public andGROWState-Related Institutions(in-state resident)Tuition and Fees*Room and Board* YOURPenn State University$19,835$12,984Temple University$18,060$14,400 FUTUREWest Chester University$10,575$8,370 The FAFSA and SAR are used by colleges to determine Private Four-Year Institutions your financial need. They Lincoln University$13,816 $10,969apply the following formula:Neumann UniversityGrow $15,010 Grow$37,160 Ursinus College$58,016$14,642 Cost of Attendance Grow GrowGrow GrowYour Your Expected Family Contribution Your YourTwo-Year Institutions Your YourFuture FutureCommunity College of Philadelphia $5,368N/A= Financial Need Future FutureFuture FutureHarcum College$29,290$11,400 Schools do not, however, guarantee to meet your entire*Per year; amount may vary depending on such factors as course fees, major, meal plan, and dorm accommodations. financial need.FINANCIAL AID 101 HOW FINANCIAL AID IS DETERMINEDFew students can afford to pay for college on their Students interested in receiving financial aid must own. Financial aid is intended to make collegefill out and submit the FAFSAFree Application affordable for everyone. for Federal Student Aid (pp. 44-45)which givesFinancial aid can be merit-based or need-based.colleges information about your familys financialMerit-based aid is awarded in recognition of a situation. Some colleges also require you tostudents academic achievement, talents, or specialcomplete the CSS Profile (p. 46).skills. Need-based aid is awarded based on a familys If you are a Pennsylvania resident, after youability to pay for college. The majority of aid complete your FAFSA, you will be directed toprovided by colleges and universities is need-based. the PHEAA website to complete the online There are many sources of financial aid. FinancialState Grant Form (SGF) to apply for state grants.aid is provided to students by the federal government,Within three to five days of completing your FAFSAthe state in which the student lives, the college to online, your Student Aid Report (SAR) will be be attended by the student, and other public and available at www.studentaid.gov/h/apply-for-aid/fafsa.private institutions.The SAR summarizes the information you provided Some forms of financial aid must be repaid whilein your FAFSA and shows your EFC. Your EFCothers do not have an obligation of repayment. is the amount you and your family are expectedYour financial aid package may include a combinationto be able to pay toward college.of both types of aid. Recommended resources for understandingfinancial aid include www.khanacademy.org(search paying for college), www.pheaa.org/grants/ state-grant-program, and www.finaid.org. Estimate your Expected Family Contribution (EFC). Visit https://bigfuture.collegeboard.org/ pay-for-college/paying-your-share/expected-West Chester Universityfamily-contribution-calculator.'