Types of Financial Aid
Undergraduate financial aid includes grants, merit scholarships, loans and Federal Work-Study. These aid programs can be awarded according to the financial need of the student and family (need-based financial aid) or merit scholarships (non-need based on student's academic profile).
Merit Scholarship for Undergraduates
Merit-based scholarships are determined at the time of admission; no separate application is required. If you are awarded a merit-based scholarship, the scholarship will be included with your admission letter and in any financial aid award. For Fall 2019, these awards range $5,000 to $25,000 per year.
Merit-based financial aid awards can be used for tuition only.
University Need-Based Aid and Named Scholarships
These awards come from University resources and generous donations from alumni and USF supporters. University need-based aid and named scholarships are awarded based on a student’s financial need as determined by the appropriate financial aid form.
Grants are types of financial aid that do not have to be repaid. Sources for grants and scholarships include federal and state governments, the university, your academic department or professional school, community and civic groups, and private industry.
Loans are sums of money borrowed from federal or private agencies to help finance the expected family contribution. Loans must be repaid once the student graduates or does not meet the minimum credit enrollment per semester.
These awards can be awarded through Federal Work-Study or University Work Award. Federal Work-Study is need-based and awarded based on your FAFSA.