OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

University of Central Florida (UCF) Financial Aid and Scholarships 2022

University of Central Florida is a public university located in Orlando, FL. The university covers an area of 1,415 acres. University of Central Florida was founded in the year 1963. University of Central Florida believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Reach for the Stars and its official colors are black and gold. The total enrolment stands at 69,525 (Fall 2019) students at Univer

University of Central Florida (UCF) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$242.860M

Financial Aid Official Website

finaid.ucf.edu/

It is interesting to note that, every year, around 92% of students at UCF receive some kind of financial aid, while the total amount of assistance/loans provided is $138,257,519. Notably, a total of 31% of the applicants to University of Central Florida receive the Federal Grant every year. On the other hand, 86% of the candidates get the Student Grant, 52% receive the Institution Grant, and 30% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,965, while the same comes to $6,401 for State Grant receivers and $2,511 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,739. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 28% of the applicants to University of Central Florida opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

74%

Institution Grant Aid

42%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$5,638

State Grant Aid

$4,613

Institution Grant Aid

$3,031

Pell Grant

$5,366

The total fund amount directed by the university towards financial aid is a sum of $242,860,332 and the percentage of students receiving these aids are around 64%. As previously discussed, few of the students also apply for a Federal loan. The average amount of federal loans is about $5,414.

Student loan average amounts to $6,359 which is applied for by 34% candidates. The default rate of these students’ loans is quite low at just 2.4%.

The major types of federal grants provided by the University of Central Florida are of two categories. The Federal Grants is the first type which sums up to an average of $5,638 received by almost 33%. The other is the Pell Grant which is opted by 32% of students. On an average Pell grant that you can avail for this university stands to $5,366.

State aid provided for UCF comes to an average of approximately $4,613 and 74% students avail it and the Institutional grant average is about $3,031 which is given to a majority of 42% candidates.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,033

$30,001 - $48,000

$10,621

$48,001 - $75,000

$7,326

$75,001 - $110,000

$4,221

Over $110,000

$3,077

We have further segregated the amount of UCF financial aid received by each family income bracket to facilitate your decision making wisely. If you fall under a family income category under $30,000 then you might be sure of receiving a basic amount of $12,033 as financial aid.

A family income category ranging from $30,001 to $48,000 can expect the same amount to go down to $10,621. For an income range between $48,001 to $75,000 the expected financial aid that you might expect to receive can be close enough to a figure of $7,326 again showing a downward trend.

Similarly, a family income falling under the range of $75,001 to $110,000 can avail for a financial aid up to $4,221. For any family with an income range falling over and above $110,000 may get a small amount of $3,077.

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