Lori Meadows
The University of Florida (UF) offers four types of financial aid: grants, scholarships, loans, and part-time employment. More than 70% of students at UF receive some form of financial assistance, with 28% of first-year students receiving federal grants averaging $5,746 per person. UF is a no-loan school, meaning that their financial aid packages offer grants and scholarships instead of federal loans. Students can apply for financial aid by submitting the Free Application for Federal Student Aid (FAFSA), and those with disabilities may qualify for an increased educational budget to cover disability-related expenses.
| Characteristics | Values |
|---|---|
| Types of financial aid | Grants, scholarships, loans, and part-time employment |
| Percentage of students receiving financial aid | More than 70% |
| Average amount of debt per student | $15,000 in federal student loans |
| Percentage of first-year students receiving federal grants | 28% |
| Average value of federal grants | $5,746 |
| Maximum number of terms for students transferring to UF to receive aid | Pro-rated based on entering enrollment status |
| Eligibility criteria for financial aid | US citizenship or permanent residency, enrollment in a degree program, satisfactory academic progress, registration with Selective Service Administration (if required), not in default on federal or institutional loans |
| Application process | Submit the Free Application for Federal Student Aid (FAFSA) |
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What You'll Learn
Types of financial aid
The University of Florida (UF) offers four types of financial aid: grants, scholarships, loans, and part-time employment. Financial aid is provided to help students pay for educationally related expenses.
Grants
Grants are a form of gift aid, meaning they do not have to be repaid. Grants can be provided by federal, state, or local agencies. For example, 28% of first-year students at the University of Florida received a federal grant, which averaged $5,746 per person.
Scholarships
Like grants, scholarships are also considered gift aid and do not need to be repaid. Scholarships can be provided by institutional or private agencies.
Loans
Loans are included in financial aid packages and must be repaid. Loans can be provided by federal, state, institutional, or private agencies.
Part-time Employment
Part-time employment is offered in exchange for work. Students with disabilities may qualify for an increase in their educational budgets to cover disability-related expenses.
It is important to note that the University of Florida encourages students to apply for financial aid even if they are unsure if they will qualify. The only way to determine eligibility is to apply, and many factors are considered when awarding aid. Currently, more than seventy percent of students at UF receive some form of financial assistance.
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Eligibility requirements
The University of Florida offers four types of financial aid: grants, scholarships, loans, and part-time employment. To be eligible for financial aid, students must meet the following requirements:
Citizenship and Enrollment Status
To be eligible for financial aid at the University of Florida, students must be a U.S. citizen, national, or permanent resident alien. Additionally, students must be enrolled or accepted for enrollment at least half-time in a degree program.
Academic Progress
Students must also maintain satisfactory academic progress toward their degree. This includes meeting the minimum credit requirements and maintaining a certain grade point average (GPA). Students who fail to make satisfactory academic progress may be placed on financial aid probation or suspension, which can affect their eligibility for aid.
Selective Service Registration
Male students who are between the ages of 18 and 25 may be required to register with the Selective Service Administration. Failure to register, if required, can affect a student's eligibility for financial aid.
Loan Repayment
Students must not be in default on a federal or institutional loan or owe any repayments on previous financial aid awards received at the University of Florida or any other institution. This is a crucial factor in determining a student's eligibility for further financial assistance.
It is important to note that the University of Florida considers each student's financial situation individually and takes into account special circumstances. Additionally, students with disabilities may qualify for increased financial aid to cover disability-related expenses.
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Application process
The University of Florida (UF) offers four types of financial aid: grants, scholarships, loans, and part-time employment. To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). Although students must be accepted for enrollment at UF before they are considered for financial aid, they should apply for aid before being admitted.
Step 1: Complete the FAFSA
The first step in applying for financial aid at UF is to complete the FAFSA. The FAFSA is available online at studentaid.gov, and students are encouraged to complete it as early as possible. To access the FAFSA, students need to create an FSA ID, which serves as their legal signature. Dependent students' parents must also obtain an FSA ID to sign the FAFSA electronically.
Step 2: List UF as a School Choice
When completing the FAFSA, students must list UF as one of their school choices. UF's Federal School Code is 001535. It is important to ensure that UF is listed correctly in the FAFSA to be considered for financial aid at the university.
Step 3: Review the Student Aid Report (SAR)
After submitting the FAFSA, students will receive a FAFSA Submission Summary. The government will provide data regarding the Student Aid Index (SAI) on this summary, which is used to determine federal aid eligibility. Students should review the SAR for any inaccuracies and make corrections if needed. If UF is not listed in the "College Release Section" of the SAR, students should correct it to include the university.
Step 4: Provide Additional Documentation if Selected for Verification
In some cases, students may be selected for Federal Verification and will be required to provide additional documentation before aid is disbursed. It is important to respond promptly to requests for information during this step. Most forms required for this process can be printed from the "financial aid status" page on ONE.UF or the SFA's Forms page.
Step 5: Reapply Annually
It is important to note that financial aid is not automatically renewed each year. Therefore, students must reapply for financial aid annually by completing the FAFSA and following the subsequent steps.
Additionally, students with disabilities can contact the Student Financial Aid and Scholarships (SFA) office for special assistance in applying for aid. They may qualify for an increase in their educational budgets to cover disability-related expenses.
It is worth mentioning that UF has specific requirements regarding the maximum number of terms for students receiving financial aid. The Florida Legislature enacted the Excess Hours Fee rule, which encourages students to finish their degrees within a timely timeframe. Students who exceed the specified credit thresholds will be subject to an additional surcharge.
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Excess Hours Fee rule
The University of Florida offers four types of financial aid: grants, scholarships, loans, and part-time employment. More than 70% of students at the University of Florida receive some form of financial assistance.
Beginning with the 2009-10 academic year, the Florida Legislature enacted a rule, known as the Excess Hours Fee. The rule is an attempt to encourage students to finish their degrees in a timely fashion. The Excess Hours Fee, or Excess Hours Surcharge, is a surcharge assessed on each credit hour taken in excess of the total number of credit hours required to complete a student's degree. The surcharge is typically assessed at 50% of the tuition cost per credit hour.
There are different threshold percentages for the Excess Hours Fee depending on when a student entered the University of Florida as an undergraduate. Students who entered between the fall of 2009 and the summer of 2011 are subject to a threshold percentage of 120%. This means that for credits beyond 120% of the number of credits required for their degree, they will have to pay the surcharge. For example, if a degree typically requires 120 credit hours, the surcharge will be applied to any credit hours beyond 144 hours (120% of 120).
Students who entered as undergraduates in the fall of 2011 or thereafter are subject to a threshold percentage of 115%. This means that the surcharge will be applied for credits beyond 115% of the number of credits required for their degree. For example, if a degree typically requires 120 credit hours, the surcharge will be applied to any credit hours beyond 138 hours (115% of 120).
It is important to note that the Excess Hours Fee does not apply to all credit hours. College credit earned through accelerated mechanisms such as AP, IB, CLEP, AICE, or dual enrollment may not count towards the excess credit hours. Additionally, repeated courses for which a student has paid the repeat course surcharge are also excluded. Students with questions about the Excess Hours Fee or how it applies to their specific situation should consult their academic advisor or the relevant university office.
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Average aid received
The University of Florida (UF) offers four types of financial aid: grants, scholarships, loans, and part-time employment. Grants and scholarships are considered gift aid, meaning they do not have to be repaid. Loans, on the other hand, must be repaid, and student employment is offered in exchange for work. UF's financial aid packages are designed to help students pay for educational expenses, including tuition and fees, room and board, books and supplies, and transportation.
While the exact amount of financial aid received by UF students is not readily available, we can infer that it varies based on individual circumstances. The university considers each student's financial situation and strives to provide fair and equitable assistance while accounting for special circumstances.
According to Scholarships360, UF graduates take out a median of $15,000 in federal student loans, which is $1,500 higher than the national median. Additionally, 28% of first-year students at UF (totaling 1850 students) received a federal grant, with an average award of about $5,746 per person.
The State of Florida's financial aid offerings also contribute to the overall aid received by UF students. In the 2022-23 academic year, Florida awarded college students $1.034 million in financial aid. Need-based grants represented 28.42% of state aid, while nongrant aid represented 6.97%. The average amount spent per undergraduate student in Florida was $1,182.71 in 2021.
Furthermore, UF has specific policies in place regarding the maximum number of terms for students receiving financial aid. The Florida Legislature enacted the Excess Hours Fee rule beginning in the 2009-10 academic year to encourage students to complete their degrees within a reasonable timeframe. Students who exceed the specified credit thresholds are subject to a surcharge of 50% of their tuition.
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Frequently asked questions
More than 70% of students at the University of Florida receive some form of financial assistance.
The University of Florida offers four types of financial aid: grants, scholarships, loans, and part-time employment.
To apply for financial aid, you'll need to submit the Free Application for Federal Student Aid (FAFSA). You can also contact the University's Student Financial Aid and Scholarships (SFA) office for assistance.
It varies based on various factors. However, 28% of freshman students at the University of Florida received a federal grant, averaging $5,746 per person.
Yes, the University of Florida provides special assistance for students with disabilities. Students with disabilities may qualify for an increased educational budget to cover disability-related expenses.
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