Starting in 2022, we began to review our financial aid approach to develop innovative strategies aimed at providing improved financial access and support for students. This initiative focuses on enhancing both merit- and need-based aid programs to better meet the financial needs of the student body, fostering academic success, and improving retention rates.
Highlights
Historical Data Analysis
Compiled and analyzed historical yield, demographic, and financial aid data to explore intersections within the applicant pool, gaining insights into enrollment behaviors.
Econometric Model
Developed a model that incorporated financial, academic, and demographic information to create an improved financial aid strategy, aimed at attracting a highly-qualified and diverse student-body and improving yield and retention rates.
Temple Promise
Introduced a last-dollar financial aid grant program designed to make a Temple University education more accessible to Philadelphia residents with an adjusted gross income of $65,000 or less.
Enhanced Financial Aid for PA and Beyond
Offered in-state tuition discounts for Pennsylvania residents, along with access to the Pennsylvania State Grant. Non-residents may qualify for the Temple University Grant, promoting affordability for all qualified applicants.
Measuring our Progress
We will continuously track key metrics such as tuition rates, enrollment yield, and student success to ensure our financial aid strategies remain effective and optimized for supporting student achievement and access.