University of South Florida Tuition and Fee

University of South Florida Tuition and Fee

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    By Susan Guillory

    (Last Updated – 06/2022)

    Total Cost of Attendance

    The University of South Florida is a well-respected research university located in sunny Tampa Bay. University of South Florida tuition for in-state students in 2021-22 was $6,410, and $17,324 for out-of-state students. This is lower than the national average for tuition at a public university of $10,740 (for in-state students) and $27,560 (out-of-state).

    Here’s some Student Loan & Scholarship Information for you.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $6,310

    $17,324

    Books & Supplies

    $1,100

    $1,100

    Room & Board

    $12,568

    $12,568

    Other Expenses

    $4,100

    $4,100

    Total Cost of Attendance

    $24,178

    $35,092

    Financial Aid

    Nearly all students on the campus of USF (92%) receive financial aid to help pay for USF tuition. This includes scholarships, grants, and student loans.

    Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    There are two options for student loans to help with University of South Florida tuition: federal and private. One-fourth of students took out federal student loans, and 3% took out private loans. The average private student loan is $10,692 per year.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    To attend the University of South Florida for four years, based on 2021-22 numbers, the total cost would be $96,712 for students who come from Florida and $140,368 for students from other states.

    Here’s some Florida Student Loan & Scholarship Information for you.

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $6,410

    $17,324

    Room & Board

    $12,568

    $12,568

    Total Cost of Attendance

    $18,978

    $29,892

    University of South Florida tuition, fees, and room and board for in-state students in 2021-22 totalled $18,978, while it was $29,892 for out-of-state students.

    Graduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition

    $8,350

    $19,048

    Fees

    $2,078

    $2,078

    Total Cost of Attendance

    $10,428

    $21,126

    Students who opt to continue their studies after completing their undergraduate degree can attend USF graduate school. The total cost for in-state students is $10,428, and for out-of-state students it’s $21,126. Both of these are far below the national average for tuition at a public graduate program of $54,500. There are graduate loans available to help you pay for it.

    Cost per Credit Hour

    You also have the option of attending the University of South Florida part-time. In that case, you would pay $211.19 per credit hour. You may also be eligible to take out student loans as a part-time student.

    Campus Housing Expenses

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,100

    $1,100

    Room & Board

    $12,568

    $1,594/mo*

    Other Expenses

    $4,100

    $4,100

    *Based on studio pricing. Average rate based on available apartments on USF’s off-campus housing website in 2022.

    First-year students at USF are not required to live on campus, though many do. The campus offers traditional dorms, suites, and apartment housing, as well as fraternity and sorority houses.

    For those who elect to live off-campus, there are many apartments, duplexes, and homes located near campus. This resource can help you explore the options.

    University of South Florida Acceptance Rate

    Fall 2020

    Number of applications

    38,696

    Number accepted

    18,961

    Percentage Accepted

    49%

    The USF acceptance rate of 49% means that slightly less than half of all students who apply get in.

    Admission Requirements

    Increase your odds of being accepted to the University of South Florida by making sure to include everything required with your application.

    Required:

    •  High school transcript and GPA

    •  Secondary school record

    •  ACT/SAT scores

    Recommended:

    •  Secondary school rank

    The deadline for priority applications is December 1, and the final deadline for the fall or summer semester is April 1. You can apply here .

    SAT and ACT Scores

    USF does require SAT or ACT scores to be submitted with applications. Here are the scores at the 25th and 75th percentile.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    590

    660

    SAT Math

    570

    660

    ACT Composite

    25

    30

    ACT English

    24

    31

    ACT Math

    23

    28

    Graduation Rate

    Here are the percentage of students who graduated after starting at USF in 2014:

    •  4 years: 59%

    •  6 years: 74%

    Post-Graduation Median Earnings

    Median earnings for graduates of USF ($50,262) are just above the average for graduates of four-year public institutions ($47,891).

    Bottom Line

    The University of South Florida offers many in-depth areas of concentration and study along with well-respected research opportunities for students.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    Learn More

    Photo credit: iStock/Rebecca Todd
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