Your Next Steps
Scholarships, fellowships and other sources of aid are awarded primarily by individual academic departments. Check with your department for more information.
Obtaining Your Funds
To ensure timely receipt of loan proceeds, you must complete some additional steps no later than 30 days before the start of your first semester. Click on the appropriate loan to find out what you need to do:
Grants and Scholarships
Grants and scholarships will be automatically credited to your USC billing account no later than the Wednesday before the beginning of each semester.
Know the Rules
For information about terms and conditions, visit.
For information about federal tax implications for your financial aid, contact your tax advisor or the Internal Revenue Service.
Scholarship funds from sources outside USC may replace a portion of the loans in your financial aid.
Managing the Family Contribution
The following options are available to cover the balance of your Cost of Attendance (after any financial aid is posted to your account). You can pay in several ways:
From savings or current income. (Pay the USC Cashier's Office directly.)
With the USC Payment Plan, which enables students to establish an interest-free line of credit for tuition, fees, university housing and other student expenses. The plan is billed in five monthly installments per semester. The application fee is $50. For more information, visit the Student Financial Services website.
With the USC Pre-payment Plan, which allows participants to prepay up to five years of full-time tuition and mandatory fees for students who have been admitted to the university. For more information, visit the Student Financial Services website.
With loans for all or part of this amount. If you borrow loans, we recommend you borrow enough to cover the entire academic year.
Graduate and Professional Student Federal PLUS Loan
If you choose to borrow a loan for all or part of the family contribution, your first source is the Federal Direct Graduate PLUS Loan. It has a low, fixed interest rate. Repayment begins after the loan has been fully disbursed; however, you may defer payment while you are enrolled at least half-time. There is no prepayment penalty.
In most cases, students who use private financing to cover all or part of the family contribution will need to apply with a credit-worthy co-borrower. Doing so may substantially reduce interest and fees on a private loan. For more information, visit the Private Financing section of this website.
If your family experiences any unforeseen changes to income or expenses, and you would like to request a re-evaluation of your Financial Aid Summary, visit Special Circumstances and Appeals.