Welcome to Temple College Financial Aid
Education should be available to everyone. We are here to help you to get your education paid for. There are many ways to get your college paid for.
Important Update About Federal Student Loan Changes
A new federal law, the One Big Beautiful Bill Act (OBBBA), includes changes to federal student loans that may affect Temple College students and parents beginning with the 2026–2027 award year.
Temple College is closely monitoring guidance from the U.S. Department of Education and will share updates as more information becomes available. In the meantime, here are some of the key loan changes students and families should be aware of:
Direct Loan Changes for Less-Than-Full-Time Students
Beginning with the 2026–2027 award year, students who are enrolled less than full time may have their annual federal Direct Loan eligibility reduced based on the number of credit hours they are taking.
This reduction is based on a Schedule of Reduction formula:
Loan Eligibility Percentage = (Number of credit hours enrolled ÷ Number of credit hours considered full time) × 100
This means that if you are enrolled less than full time, the amount of Direct Loan funding you are eligible to receive may be lower than in previous years.
Parent PLUS Loan Limits
Beginning July 1, 2026, Parent PLUS Loans for dependent undergraduate students will be limited to:
- $20,000 per year per student
- $65,000 total per student over the student’s academic career
These new limits may reduce the amount some families are able to borrow through the Parent PLUS Loan program.
Repayment Plan Changes
The law also includes changes to federal student loan repayment options for future borrowers. Students who take out new federal loans on or after July 1, 2026 may have different repayment plan options than borrowers who took out loans in prior years.
What Students Should Do Now
If you plan to borrow federal student loans, Temple College encourages you to:
- Complete the FAFSA as early as possible
- Review your financial aid offer carefully
- Borrow only what you need
- Monitor your Temple College email and Self-Service account for updates
Temple College will continue to provide additional information as federal guidance is released. If you have questions about your financial aid or loan eligibility, please contact the Financial Aid Office.
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Getting Started
You may be eligible to receive federal financial aid if:
- You have a high school diploma, have completed high school in a homeschool setting approved under state law, have a General Educational Development GED, or have a state certificate or test transcript received after passing a state-authorized examination the state recognizes as the equivalent of a high school diploma e.g., High School Equivalency Test HISET, etc .
- You are enrolled in an eligible degree or certificate program.
- You are a U.S. citizen or eligible non-citizen.
- You have a valid Social Security Number.
- You maintain Satisfactory Academic Progress requirements at all times.
- You are not in default on a federal student loan and do not owe a refund on federal grant.