Financial Glossary

Financial Glossary

Award Letter
The official document, issued by the financial aid office, which lists all the financial aid awarded to the student.

Cost of Attendance
The student’s cost of attendance includes tuition, fees, and living expenses while attending school.  The cost of attendance is determined by the school using guidelines established by federal regulations.

Federal Methodology
The formulas used to determine a student’s eligibility for federal Title IV funds.  The formulas take into account income, some assets, expenses, family size and other factors.  The federal methodology is written by Congress.

Free Application for Federal Student Aid (FAFSA)
This federal aid application must be completed by all students who wish to be considered for financial aid at Temple University.

Veterans Affairs