by our College Data Analytics TeamA large number of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at University of South Florida can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will USF Tampa offer you, and what will you qualify for? Read on for more information. Read on to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at University of South Florida.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at University of South Florida, 89% of first-year full-time students received aid of some kind some 5038 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $10,652 |
| Institutional grants & scholarships | 59% | $4,697 |
| Federal Pell grants | 28% | $6,877 |
| State/local grants | 63% | $6,242 |
| Federal student loans | 24% | $7,458 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 69% of undergrads got grants or scholarships worth on average $9,182 (covering around 25582 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $9,182 |
| Federal Pell grants | 29% | $6,230 |
| Federal student loans | 24% | $7,936 |
On-campus students receiving title-IV aid were awarded grants averaging $13,047.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,297 |
| $30,001 – $75,000 | $8,372 |
| Over $75,000 | $17,154 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,812 |
| Off-campus title-IV students | $10,043 |
For a personalized estimate based on your family’s financial situation, use USF Tampa’s NPC: tup-ofa.forest.usf.edu/cost_calculator/.
A typical borrower at USF Tampa leaves with $14,976 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,976 |
| Median federal debt (graduates only) | $17,988 |
| Typical 10-year monthly payment (graduates) | $190.7/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at USF Tampa.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $7,250 |
| 75th percentile | $26,395 |
| 90th percentile (highest-debt students) | $34,500 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $14,490 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,715 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,223 |
| Independent students | $17,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. USF Tampa.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at USF Tampa:
| Metric | Value |
|---|---|
| Stafford loan recipients | 122148 |
| Total Stafford loan amount | $3,461,959,546 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 918 |
| Total GI Bill amount | $5,254,806 |
| Average GI Bill amount per recipient | $5,724 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 38 |
| Total DoD amount | $68,047 |
| Average DoD amount per recipient | $1,791 |
References
More about our data sources and methodologies.