Types of Aid

Depending on your FAFSA results and eligibility, TUJ students are able to receive the following types of loans and grants:

1. Federal Direct Loan - Federal Direct Loan eligibility is determined based on the amount of completed credits. For step-by-step instructions for Direct Loans please visit, www.temple.edu/sfs.
2. Pell Grant - Federal Pell Grant eligibility is based on the financial need as demonstrated by the federal calculation from the information supplied on the FAFSA application.
3. PHEAA Grant (for Pennsylvania residents) - PHEAA is awarded to Pennsylvania residents who have met all eligibility requirements: www.pheaa.org.
4. Federal Direct Parent Loans for Undergraduate Students (PLUS) - Federal Direct PLUS Loans are for parent borrowers of dependent students. These loans provide additional funds for educational expenses that may are not covered by financial aid the student is receiving. A current FAFSA must be filed in order for a student to receive a Federal Direct PLUS Loan.
   
   Parents apply for a Parent PLUS loan through the Federal Direct Loan program at www.studentloans.gov by completing both an application and a Master Promissory Note (MPN). Parents must also complete the Parent PLUS Loan Request Form (www.temple.edu/sfs select "Forms") and submit it to the Main Campus SFS office.
   
   If the parent is denied for the Federal Direct PLUS Loan, the student may then be eligible for additional Federal unsubsidized Direct Loans.
   
   For step-by-step instructions for Direct Loans please visit, www.temple.edu/sfs
5. Private Student Alternative Loans (Nonfederal) - We realize that need based financial aid sources are limited and do not always cover the cost of education at TUJ. Therefore, students may need to borrow additional loan funding through a private student alternative loan.
   
   Alternative loans generally have higher interest rates and fewer repayment options than federal loans. Generally, borrowers with better credit histories receive better loan terms.
   
   Before borrowing an alternative loan, you should carefully consider your present level of debt and repayment obligations on all loans. Determine how much you need to borrow by working out a budget for your educational costs and subtracting all your resources for those costs. Your ability to obtain alternative loan funding is largely based on your credit-worthiness, and most programs require a co-signer.
   
   The best way to search for this type of loan is to utilize a basic Internet search.

U.S. students from outside of Pennsylvania who want to use state-backed grants and funds need to secure an award letter from the grant office and submit it to the Financial Aid Coordinator (finaid@tuj.ac.jp) in the Office of Student Services who can inform you of the procedure to receive your funds.