Financial Aid for MS Students
To apply for federal, state, and University of South Florida financial assistance, file the Free Application for Federal Student Aid (FAFSA), or the renewal application online for faster and efficient processing of your application. Application for low-interest student loans and work study employment are made by completing the FAFSA. Please note that graduate assistantships are not available to our students in the master’s degree programs. Most students in our master’s degree programs are eligible for some type of federal student assistance, usually in the form of a student loan. The amount of assistance is determined by course load and estimating the total cost of attendance. Listed below are the steps to apply for financial aid.
Step 1: Apply for admission to the graduate program
Prospective students who apply for financial aid should also apply for admission to the University of South Florida. You are not required to wait for formal acceptance to USF to apply for financial aid. It is always recommended to apply early for both financial aid and admission.
Step 2: File a FAFSA
If applying to the Fall 2011 academic semester, please complete the following:
- After January 1, 2011 complete and submit the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov
- You will need to request a PIN at www.pin.ed.gov
- Use our Federal School Code – 001537 – and submit a 2011-2012 FAFSA. You will need a copy of your 2010 tax forms.
When filing the FAFSA on-line (the recommended way), you will receive the Student Aid Report (SAR) from the U.S. Department of Education. The SAR is a summary of the information you reported on the FAFSA. Review the SAR to make sure the information you reported is accurate. If you need to make correction, please do so at www.fafsa.ed.gov using your federal PIN. The PIN allows you to access your Federal Student Aid records online and serves as your electronic signature when filing electronically.
Step 3: Complete Remaining Financial Aid Component
If a Federal Direct Stafford Loan (subsidized or unsubsidized) has been offered to you as part of your aid package, and you are accepting all or part of the loan, you are required to complete and sign a Master Promissory Note.
If you have any questions, please contact the University of South Florida’s Office of Financial Aid at 813-974-4700. Additional information regarding financial aid is available at http://usfweb2.usf.edu/finaid/.
Financial Assistance Search Sites – There are a number of sites that can be used to search for financial assistance. Some of the commonly used sites are below: