Financial Aid for Undergraduates

 
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A wide variety of financial assistance is available in the form of scholarships, grants and loans to undergraduates. In fact, more than 90 percent of UT undergraduates receive some type of financial aid.

Complete the Free Application for Federal Student Aid (FAFSA) to be eligible for any type of need-based aid or loan. Learn more about how to apply for financial aid. Dependent students must include parental information on the FAFSA. UT’s FAFSA school code is 001538.

Although most aid programs are available to U.S. citizens and permanent residents only, UT does offer partial scholarships to academically exceptional international students. Learn more.

For more information about the disbursement of aid please see Award Notifications.

Types of Aid for Undergraduates

UT Scholarships and Grants: Generous scholarships and grants based on academic achievement, talent and financial need are available to new undergraduates. Full-time students with a 3.2 or higher cumulative GPA are automatically considered for academic scholarships.

Aid for Florida Residents: All full-time undergraduate Florida residents receive the Florida Resident Access Grant. Many other types of Florida aid are also available. Proof of Florida residency for one year prior to enrollment is necessary to qualify.

Federal Grants: Annual awards for federal need-based programs, such as Pell, SEOG and TEACH grants, range from $500 to more than $5,000.

Loans: All undergraduates enrolled in at least six credit hours per term qualify for some type of loan (FAFSA required). Students also may borrow funds through private sources or alternative loans.

Veterans Benefits: UT covers up to 100 percent of the tuition and fees of veterans eligible for the Yellow Ribbon program. Learn more about this and the many other veterans benefits available.

Employment:  More than 500 jobs are available on campus. UT's location in downtown Tampa helps provide many off-campus jobs. Note: Federal immigration laws prevent international students from working off campus.

American Opportunity Tax Credit

Taxpayers may be eligible to claim a nonrefundable American Opportunity credit against their federal income taxes. The credit may be claimed for the tuition and expenses of each student in a post-secondary education program and enrolled in a degree program. The American Opportunity Tax Credit is worth up to $2,500 on the first $4,000 of qualifying educational expenses, which includes course material and tuition. The credit will be allowed for the first four years of post-secondary education. The amount of the American Opportunity tax credit is:

  • 100% of the first $2,000 in qualifying educational expenses
  • 25% of the next $2,000 in qualifying expense    

Lifetime Learning Tax Credit

The lifetime learning credit is a tax credit for anyone who takes college classes. It is a tax credit of 20% of tuition expenses, the maximum being $2,000 in tax credits on the first $10,000 of college tuition expense. Those that can claim the Lifetime Learning Credits on the their tax return are those that are enrolled at an eligible educational institution or were responsible for paying for college expenses this includes, yourself, your spouse or your dependents. 

For more helpful information on the American Tax Credit and Lifetime Learning Tax Credit go to:

www.irs.gov

www.EITC.IRS.gov

Other Resources

Payment options include credit card payments, monthly installments or deferred payments with the Employee Reimbursement Payment Plan. Benefits are available for veterans, medically disabled students or family members of University faculty and staff.