Michael is the first child in his family of four to go to college. After calculating his potential financial aid offer, his total annual out-of-pocket cost at USF is $20,290.

Dad's annual income

$91,500

Mom's annual income

$29,500

Michael's annual income

$3,200

Parent's net worth of investments

$250,000

Expected Family Contribution (EFC)
(Results of federal financial aid application form.)

$39,843

USF 2020-2021 tuition, room and board

$27,290

Expected Family Contribution (EFC)

-$39,843

Equals Family Financial Need

$0

Michael's ACT Score

20

Michael's high school GPA

2.9

Michael's potential financial aid award

USF Achievement Scholarship

$1,500

Federal Direct Loans

$5,500

Michael's potential financial aid award

$7,000

Michael's out-of-pocket cost

$20,290

Michael still has the opportunity to apply for outside scholarships and can pay his final out-of-pocket cost of $20,290 in a monthly payment plan, through a federal parent loan or with private alternative loans.