USC Financial Aid: Scholarships for Univ. Southern California Student

If you USC student are looking for financial aid to finance your education then you don’t have to worry because there is a lot of USC Financial aid available from federal, state and university financial aid programs to help you. Besides the USC Financial aids there are also scholarships, fellowships and assistantships, which are administered by the Office of Admission, the Graduate School and various academic departments of the University.

For you who unable to get the aforementioned aid, the Univ. Southern California also offers long-term loan program as well as an interest-free 10-monthly-payments plan. The student of the USC may apply for one or more kinds of USC Financial aid as long as they are eligible for it.


How USC Financial Aid Works

Financial need refers to the disparity between the total expenses associated with attending college, popular as the Cost of Attendance (COA). Moreover, the financial contribution you and your family can afford, termed the Expected Family Contribution (EFC). This calculation is based on an evaluation of your family’s financial circumstances.

The Estimated Cost of Attendance, calculated annually, encompasses various expenses for attending USC, including tuition and fees, housing either on or off-campus, meal plans, as well as allowances for books and supplies, transportation, and personal expenses such as clothing and entertainment.

USC Financial Aid: Scholarships

The scholarships available for Univ. Southern California Student awarded based on several factor such as academic achievement, leadership, service and talent. These scholarships are available through the Office of Admission, most academic departments at USC, alumni groups and outside agencies and foundations.  To obtain more detailed information on these scholarships you can contact the appropriate school, department, or awarding agency.

USC Grants

For eligible students who meet all financial aid application deadlines the Financial Aid Office will award University Grants.  The Federal Pell Grant program is a grant program for exceptionally disadvantaged students.

For exceptionally disadvantaged students who meet all application deadlines there is also available the Federal Supplemental Educational Opportunity Grants (SEOG).

Federal Work-Study

The Federal Work-Study program is to enables eligible students who meet all application deadlines. The goal is to obtain financial aid award through employment either on campus or with an approved off-campus employer.

Student Loans

There are two available loans for USC students:

  1. The Federal Perkins Loan Program, which is available for eligible students who apply on time. Besides, the repayments begin nine months after the borrower finishes to be enrolled at least half time.
  2. The Federal Perkins Loan Program, which is available for the eligible students who apply on time. The repayments begin nine months after the borrower finishes to be enrolled at least half time.

USC Financing Programs

The USC has several programs available to help students’ families meet the costs of education. What they do is to provide long-term financing options and a short-term payment plan. You can find more information about it at in the Financing Alternatives section.

USC Second Bachelor’s Degree

There is a few of financial aid programs available for students who are pursuing their second bachelor’s degree namely: Subsidized Federal Stafford Loan and the Unsubsidized Federal Stafford Loan.


To be able to obtain the financial aids, the student must meet requirements such as:

  • Students must be U.S. citizens,
  • Students must be permanent residents
  • Or other eligible non-citizens and must meet all other eligibility requirements to be eligible for federal, state and university financial aid programs.

For more detailed information on this requirements issue you can visit the website online at

As it mentioned before the USC Financial aid is only eligible for U.S. citizens only. However, to help international students to finance their education there is also scholarships and for graduate assistantships offered by their schools or departments.

To find out whether there are such opportunities in their respective department, international students should contact their department’s office directly. In addition to scholarships international students are also eligible for some private educational loans.

USC Financial Aid Application

Entering freshmen and transfer students at Univ. Southern California is obliged to submit a completed Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA to the federal processor. Moreover, there is a completed CSS PROFILE Application to the College Scholarship Service to the USC Financial Aid Office in order to receive notification of USC financial aid eligibility.

While it’s popular that USC boasts one of the most diverse and accomplished undergraduate communities nationwide, with students hailing from all 50 states and over 130 countries. What may come as a surprise is that the vast majority of these students, around two-thirds, benefit from various forms of financial aid.

USC assesses your family’s financial situation. This is important to determine your ability to contribute financially towards your education and ascertain your eligibility for financial aid.

Application Evaluation

This evaluation involves reviewing various aspects, including:

  • Your parents’ taxable and untaxed income.
  • Family assets, such as funds in bank accounts, investments, and real estate.
  • Any exceptional circumstances your family may be experiencing, such as unemployment or significant medical expenses.
  • The number of dependents in your family.
  • The number of siblings currently enrolled as full-time undergraduate students.
  • The proximity of your parents to retirement age.

All colleges utilize a need analysis known as the Federal Methodology. The purpose is to assess the federal student aid you might be eligible for. In addition to this, USC employs its own Institutional Methodology to determine the potential university aid you could receive.

Under the Federal Methodology, your Student Aid Index (SAI) and other financial aid are deducted from the Cost of Attendance (COA).

Under the Institutional Methodology, the Expected Family Contribution (EFC) comprises a minimum Student Contribution (SC) along with an estimated Parent Contribution (PC).

  • The minimum Student Contribution represents the amount anticipated from students, typically derived from summer earnings or other savings.
  • In cases of divorced or unmarried biological parents, a noncustodial parent contribution may also factor into the estimated contribution.

Students have to apply for financial aid annually, with their estimated contribution adjusted to reflect any alterations in their family’s financial circumstances.

Moreover, eligibility for need-based loans and work-study programs may expand as students progress in their academic journey. If your Expected Family Contribution remains relatively steady, the University Grant should either stay consistent or rise in tandem with tuition adjustments.


Investing in a college degree is a substantial commitment. Not only in terms of education but also in shaping one’s future. However, as the expenses associated with higher education continue to climb, pursuing college may appear daunting or unfeasible for many.

Yet, the truth is that the cost of a college education might be more manageable than anticipated, even if a student opts for a private university. While tuition fees at prestigious institutions may surpass those of public colleges or universities, students attending private universities often benefit from increased financial assistance in the form of scholarships and grants. This financial support doesn’t require repayment post-graduation.


Financial Aid at USC