Our Commitment to Affordability
USC administers one of the largest financial aid programs in the United States and works with families to meet 100 percent of the USC-determined financial need for students who meet all deadlines and eligibility requirements.
How much financial aid does USC award to undergraduates?
Financial aid from all university sources exceeds $400 million.
The total gift aid to undergraduates from all sources (university, federal, state, other) in 2019-20 was more than $523 million (more than 75 percent of all aid awarded).
Amount of financial aid awarded from all sources for 2019-20 (including work-study and loans).
Between 2015-16 and 2019-20, university need-based grant funding increased by more than $67 million (nearly 38%), an annual growth rate of 8.7%. During this same period, tuition increased at an annual growth rate of 3.7%.
What percentage of USC’s undergraduates receive financial aid?
Two-thirds of USC undergraduates receive some sort of financial aid, including need-based grants, merit scholarships, Federal Work-Study and loans. Among the 2020 entering first-year class, approximately 21 percent received a USC merit-based scholarship.
USC enrolls more than 4,100 low-income undergraduate students (as defined by Pell Grant eligibility) more than most private research universities. In fall 2020, 21 percent of enrolled undergraduates received Pell Grants. Most importantly, low-income and under-represented minority students at USC graduate at rates comparable to the overall undergraduate population.
USC is need-blind in its admission process. Ability to pay, or a student's interest in financial aid, has no bearing on admission decisions.
We work with families to meet the full demonstrated financial need for students who satisfy all deadlines and eligibility requirements.
USC’s Net Price Calculator
Many students and families are surprised to learn that a USC education may be more affordable than they think. Our Net Price Calculator allows prospective students and their families to estimate their own cost of attendance and potential eligibility for certain types of financial aid.
Students and families should note, however, that estimates are based on prior-year figures for tuition, fees, books, and housing costs. The Net Price Calculator also cannot substitute for a full review of a family’s finances. Amounts given are estimates only and not a guarantee of financial aid. Go to USC’s Net Price Calculator.
Investing in Your Future: Financial Aid and USC
The information contained in the Investing In Your Future: Financial Aid and USC booklet will help explain the financial aid process at USC and other schools. To download the booklet, please click on the links on the sidebar.