University of South Florida-St Petersburg Financial Aid and Scholarships
Students Receiving Aid
57%
Total Aid Amount
$17.214M
Financial Aid Official Website
www.usfsp.edu/financial-aid/
It is interesting to note that, every year, around 85% of students at USFSP receive some kind of financial aid, while the total amount of assistance/loans provided is $11,947,839. The total percentage of candidates applying to University of South Florida-St Petersburg who receive the Federal Grant is 35%. In comparison, 76% of the students are awarded the Student Grant, 58% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,589, while the same comes to $5,394 for State Grant receivers and $3,134 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,987. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 35% of the applicants to University of South Florida-St Petersburg opt for student loans.
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