Knights Achievement/Pegasus Scholarship Waiver Program

Knights Achievement/Pegasus Scholarship Waivers are awarded to entering out of state high school graduates by Undergraduate Admissions to recognize outstanding academic performance. There is no separate application for this scholarship program. When students apply for admission to UCF, they are automatically considered.

For more information about this special award program and other merit scholarships, email the Scholarship Coordinator at or call (407) 823-3000.

Students who are non-residents will receive their scholarship in the form of a waiver. The UCF sponsored non-resident waiver award will cover up to the full amount offered by Undergraduate Admissions as long as it does not exceed the non-resident fee amount and is not covered by any other resources. Students should refer to their award notification received from Undergraduate Admissions to know the maximum waiver they may be eligible to receive per semester. The waiver does not pay towards resident tuition and other fees.

Knights Achievement/Pegasus Scholarship Program Requirements

Recipients of this scholarship program should make note of the following:

Required Forms:

The processed results of the Free Application for Federal Student Aid (FAFSA) must be received at UCF by June 1 each and every year. To allow time for unforeseen processing delays, it is strongly recommended that students file the FAFSA no later than April 15 so there is ample time for the processed results to be received by UCF. Note: To be given the greatest consideration of other types of financial aid, students should file the FAFSA by February 15 each year to meet our application priority date of December 1st each year.

The first time the FAFSA is filed late, a one-time courtesy reinstatement will be granted to the student upon receipt of the FAFSA and submission of a Scholarship Appeal Form along with a letter of explanation for missing the deadline.
Students submitting the FAFSA late a second time will be cancelled, and will need to submit a Scholarship Appeal Form, along with a letter explaining the reason(s) for missing the deadline, and documentation to support the extenuating circumstances. The appeal will be submitted before the UCF Scholarship Committee for review, and a decision will be rendered. Students will be notified via email of the decision or if additional information is needed.

Required Hours:

Students must enroll full-time (a minimum of 12 UCF credit hours) each fall and spring term. Note: Transient hours taken at another institution will not be considered in the hours calculated for full-time enrollment for the purpose of this scholarship. The only exception to the full-time enrollment requirement is granted to students during their graduating semester.

For the exception to be extended, students must provide a memo on letterhead from their academic advisor indicating:

  • Student’s name and PID
  • Semester graduation is expected
  • Name of course(s) needed for graduation
  • Name of the undergraduate degree to be received

If a student enrolls in less than six UCF hours during their graduating semester, the exception must be approved by the UCF Scholarship Committee. Students should submit their request at least two months prior to the beginning of their graduating semester to have a decision rendered before the beginning of the semester.

Scholarship Deferment:

Students receiving the Knights Achievement Scholarship may request a deferment for the purpose of taking part in activities that would interrupt their required continuous enrollment at the University of Central Florida.

A scholarship deferment request can hold the Knights Achievement Scholarship for a maximum of two semesters. Acceptable reasons to defer a scholarship include, but are not limited to: military service, documented medical conditions, internships/Co-Ops, religious missions, etc. At the time of deferment, student must be meeting the renewal criteria for the scholarship. A deferment will not be granted for attendance at any other higher education institution.

Students seeking a deferment must complete a Scholarship Appeal Form and submit a letter indicating the reason for the request, along with supporting documentation. The appeal must be submitted no later than two months prior to the start of the semester in which the deferment is being requested.

Failure to obtain approval prior to departure from the university will result in cancellation of scholarship.


Students must enroll full-time (a minimum 12 credit hours) each fall and spring semester. If extenuating circumstances exist that prevent full-time enrollment, students may appeal to the UCF Scholarship Committee. Appeals must be submitted prior to the semester in which the exception is being requested.

Failure to obtain approval to enroll less than full-time will result in cancellation of scholarship.