University of Central Florida (UCF) Financial Aid and Scholarships
Students Receiving Aid
64%
Total Aid Amount
$242.860M
Financial Aid Official Website
finaid.ucf.edu/
It is interesting to note that, every year, around 92% of students at UCF receive some kind of financial aid, while the total amount of assistance/loans provided is $138,257,519. Notably, a total of 31% of the applicants to University of Central Florida receive the Federal Grant every year. On the other hand, 86% of the candidates get the Student Grant, 52% receive the Institution Grant, and 30% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,965, while the same comes to $6,401 for State Grant receivers and $2,511 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,739. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 28% of the applicants to University of Central Florida opt for student loans.
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