b'40College Direct Cost SamplingPennsylvania Public and State-Related Institutions(in-state resident)Tuition and Fees*Room and Board*Penn State University$18,898$12,318Temple University$17,378$13,906 The FAFSA and SAR are used West Chester University$10,471$8,224 by colleges to determine Private Four-Year Institutions your financial need. They Drexel University$57,171 $16,488apply the following formula:Gettysburg College$59,960$14,370 Cost of AttendanceSt. Josephs University$48,360$14,688Expected Family ContributionTwo-Year Institutions= Financial NeedCommunity College of Philadelphia $5,712N/A Schools do not, however, Pennsylvania College of Technology$19,059$10,244 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- family-contribution-calculator. Bryn Mawr College'