$5,829

Avg. Federal Grant

$6,759

Avg. Federal Loan

$164,944,758

Total Aid Awarded

University of South Florida (USF) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$164.945M

Financial Aid Official Website

usfweb2.usf.edu/finaid/

Notably, 93% of the students at University of South Florida-Main Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $85,822,059. More information regarding the financial assistance schemes can be accessed on USFMC’s official financial aid page at http://usfweb2.usf.edu/finaid/. The total percentage of candidates applying to University of South Florida-Main Campus who receive the Federal Grant is 32%. Meanwhile, 89% of the applicants receive the Student Grant and 65% are awarded the Institution Grant, while 31% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,236, the State Grant receivers and Institution Grant beneficiaries get $6,430 and $4,653, respectively. And, for the Pell Grant awardees, the average aid amount is $5,226. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of South Florida-Main Campus, the percentage of candidates who opt to avail of student loans is around 30%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

72%

Institution Grant Aid

63%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$5,829

State Grant Aid

$4,815

Institution Grant Aid

$4,395

Pell Grant

$5,566

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,395

$30,001 - $48,000

$13,152

$48,001 - $75,000

$9,869

$75,001 - $110,000

$4,392

Over $110,000

$4,092

Student Loans for University of South Florida (USF)

Average Loan Amount Average Loan Amount received per year.

$7,678/Year

Students Taking Out Loans

36%

Loan Default Rate

1.2%

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