University of South Florida... Financial Aid & Student Loans

$5,553

Avg. Federal Grant

$4,690

Avg. Federal Loan

$6,658,896

Total Aid Awarded

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University of South Florida Sarasota-Manatee (USFSM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$6.659M

Financial Aid Official Website

usfsm.edu/financial-aid/

Are you worried about paying your university fee?

USFSM understands your worries and they recognize the need for many students. To help them pay the fee, the university offers various federal, state, and military aid programs along with institutional grants. To check your eligibility for these aids and scholarships, all you need t do is fill the FAFSA application form.

If you have any queries regarding financial aid, you can contact the financial aid office.

Contact the USF Sarasota-Manatee Financial Aid Office at 941-359-4459. Office hours are Monday through Friday from 8 a.m. to 5 p.m.

Last year, 55% of students of USFSM received financial aid and scholarships with a total amount of $ 6658896. The average federal loan amount was $ 4690.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

62%

Institution Grant Aid

56%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$5,553

State Grant Aid

$3,501

Institution Grant Aid

$2,963

Pell Grant

$5,391

The financial aid and scholarship at USFSM are divided into four different parts which I shall be explaining below.

Federal Grants

The Federal Aids available for the students are Pell Grant, Federal Work-study, Direct Subsidized Loans, federal supplemental educational opportunity grant, Teach grant. Last year, 40% of students availed federal grants with an average amount being $5,553.

State Aid

The most popular financial aid at USFSM is state aid with 62% of students availing it last year. State aid includes Florida student assistance grants.

The FSAG is a state-funded grant for eligible undergraduate students. Funds are awarded based on full-time enrollment, but pro-rated each semester if enrolled less than full time (a minimum half time enrollment is required).

Institutional Grant

The USF Grant is a USF-funded grant for undergraduate and graduate students with financial need. Funds are awarded based on full-time enrollment, but pro-rated each semester if enrolled less than full time (a minimum half time enrollment is required). Different colleges of USFSM provides various scholarships for bright students. Last year, 56% of students received institutional grants with an average amount of $ 2693.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,156

$30,001 - $48,000

$10,273

$48,001 - $75,000

$5,968

$75,001 - $110,000

$4,535

Over $110,000

N/A

Its common sense that students with less family income are in need of financial aid more than those with higher family income. So as the family income increases, the average financial aid decreases.

Students whose family income is below $30k or between $30k to $48k get half of their fee through financial aid and amounts to $11,156 and $10,273. As the family income increases the need for financial aid is less, that's why students with more than $48k and 75k to 110k family income get only a quarter of their fee with financial aid which amounts to $5,968 and $4,535.

Student Loans for University of South Florida Sarasota-Manatee (USFSM)

Average Loan Amount Average Loan Amount received per year.

$4,763/Year

Students Taking Out Loans

15%

Loan Default Rate

Explore Tuition & Cost Breakdown Explore Best Student Loans

A student loan is money borrowed by you and/or your parents that must be paid back with interest.

Loans may be awarded to you, regardless of financial need. At USFSM, 15% of students took student loans with an average loan amount being $ 4763. Also, the loan default rate is only 5 % which is lower than the national average of 7 %. This creates a good image for the institute and it makes it easier for students to take a loan.

For more information we suggest you visit our Student Loans page

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