The cost of higher education in the United States can be a significant financial burden for students and their families. To help students make well-informed choices regarding their educational path, it is crucial to check out the tuition rates, fees and any other costs beforehand. In this article, we will check out the undergraduate and graduate tuition rates at USF for the academic year from Fall 2023 to Summer 2024.
Tuition Costs and Fees
USF offers competitive tuition rates that cater to both in-state and out-of-state students. For in-state students, the tuition rate stands at $6,410. In contrast, out-of-state students can expect to pay $17,324. These figures include both tuition and fees, collectively known as the sticker price.
When comparing USF’s tuition rates with national averages, it becomes evident that the university offers an attractive financial proposition. The national average cost of in-state tuition is approximately $11,560, making USF notably cheaper for in-state students. For out-of-state students, the national average cost of out-of-state tuition is approximately $27,320, making USF a more affordable option.
USF Consolidation Charges
USF underwent a consolidation of its campuses, resulting in what is referred to as “One USF.” However, students who were admitted before Summer 2020 and have maintained uninterrupted active enrollment are not required to pay the increase in St. Petersburg and Sarasota fees resulting from the consolidation until Spring 2024.
A waiver is applied to eligible student accounts to cover these charges through Fall 2023. Changes in a student’s admission term can make them ineligible for the waiver. Common reasons for such changes include periods of inactivity for a semester and changes in enrollment status, such as moving from non-degree to degree-seeking or transitioning from undergraduate to graduate studies.
Tuition per Credit Hour
Graduate tuition rates at USF are also assessed by course level, residency status, admission term and course campus. For Florida residents, it ranges from approximately $209.69 to $211.19 per credit hour. For non-Florida residents, the cost increases significantly, ranging from approximately $573.51 to $575.01 per credit hour.
For residents at the graduate level, the total tuition and fees for one credit hour can vary based on campus location, ranging from approximately $429.93 to $431.43 per credit hour. Non-residents can expect to pay higher rates, ranging from approximately $875.67 to $877.17 per credit hour.
Financial Aid & Loans
Financial aid options are important for students seeking assistance in financing their education. USF provides need-based and merit-based financial aid, which can significantly offset the cost of tuition and fees. The average need-based scholarship or grant for first-year students is approximately $12,231, and 46% of first-year students received need-based aid in fall 2021.
For students considering loans to cover educational costs, it’s important to be aware of potential debt. The median federal loan debt among USF graduates is $17,988. Additionally, 5% of graduating students took out private loans, averaging $20,592 in debt.
Other Payment Fees
In addition to tuition and programmatic fees, students should be aware of other registration and payment fees they might have to pay. These can include late registration fees, late payment fees, distance learning fees, off-campus fees, facilities and equipment fees, lab and material fees and more. These fees can add up, so students should plan accordingly and review their fee schedule each term.
USF offers competitive tuition rates compared to national averages, making it an affordable option for both in-state and out-of-state students. By exploring financial aid and scholarship opportunities, students can enjoy their time at USF while managing their budget effectively.
FAQs
Q : What is the tuition cost for in-state students at the University of South Florida (USF)?
A : Tuition for in-state students at USF is $6,410.
Q : How much is the tuition for out-of-state students at USF compared to the national average?
A : Tuition for out-of-state students at USF is $17,324, which is cheaper than the national average out-of-state tuition cost of $27,320.
Q : What is the net price for out-of-state students receiving need-based aid at USF?
A : The net price for out-of-state students with need-based aid at USF averages $24,113, taking into account scholarships and aid.
Chris Zasada
Chris is a Midwest Transplant that has lived in South Florida since 1999. While he likes to remain active and is an avid sports enthusiast, he's become our go-to provider of reviews of any establishment serving food and booze!