Types of Aid
The University of Texas relies on a variety of financial aid sources to cover the entire Cost of Attendance and increase the school's affordability. Generally, eligibility for these programs is based on financial and household information that is reported on the Free Application for Federal Student Aid (FAFSA). In addition, you must meet certain eligibility requirements. (i.e. must be a U.S. Citizen or eligible non-citizen, maintain Satisfactory Academic Progress, be enrolled at least half-time, etc.). The major sources of financial aid are listed below.
|Name||Eligibility||Annual Award Range||Available in Summer?|
|Federal Pell Grant||Financial Need, U.S. Citizen or Permanent Resident
Effective July 2012, eligibility limited to 12 semesters or equivalent.
|Federal TEACH Grant||Contact academic advisor in the College of Education or the UTeach Programs||Varies||No|
|TEXAS Grant||Financial Need, Academic Merit, and Texas Residency||$1-$5,000||No|
|Texas Public Education Grant||Financial Need and Academic Merit||$1-$10,000||No|
|UT Grant||Financial Need, Academic Merit, and Texas Residency||$1-$10,000||Limited|
|Work-Study||Financial Need, U.S. Citizen or Permanent Resident||$750-$2,800||Limited|
1 Federal Pell Grant amounts for 2018-2019 have not yet been published
|Type of Loan||Eligibility||Annual Loan Limit1|
|Undergraduate Standing, Financial Need, U.S. Citizen or Eligible non-citizen
Maximum eligibility limit applies.
(Grade level and dependency status apply)
|U.S. Citizen or Eligible non-citizen||$1-12,5001|
Parent PLUS Loan
|Parent of an undergraduate dependent student, U.S. Citizen or Eligible non-citizen, and Approved Credit Status2||Cost of Attendance minus other financial aid.|
Graduate PLUS Loan
|U.S. Citizen or Eligible non-citizen, Graduate Standing, and Approved Credit Status2||Cost of Attendance minus other financial aid.|
1 If you are a dependent student whose parents are ineligible for a Direct PLUS Loan, you may be able to receive additional Direct Unsubsidized Loan funds.
2 A credit check will be performed during the Direct PLUS Loan process. If the borrower has an adverse credit history, they may still receive a Direct PLUS Loan by obtaining an endorser who does not have an adverse credit history or documenting to the U.S. Department of Education's satisfaction extenuating circumstances relating to their adverse credit history.
Note to Undergraduates Approaching Graduation
During your last semester you may not be eligible to receive the full, annual maximum federal loan limit. If this is the case, your loan eligibility may be subject to proration. Consult with an aid officer to discuss your specific situation or if you have questions.
State Loan Programs
The State of Texas established certain student loan programs that have been authorized for Texas residents by the Texas Legislature to improve and increase access to higher education in the State of Texas. Funds for these loan programs may be limited.
Private Education Loan Programs
- Are not offered by federal or state governments; generally by for-profit lending institutions.
Alternative or private loans are available in cases where the federal or state loan programs are inadequate to help you meet your educational expenses. They provide funds from a private lender or bank of your choice. Most alternative loan lenders require a loan certification from your school in order to verify enrollment and Cost of Attendance amounts. International students and international Texas residents are common alternative loan borrowers.
- Provide no assurance that the terms and conditions are as borrower-friendly as federal or state loans.
Federal student loans include many benefits not typically offered with private loans, such as fixed interest rates and income-based repayment plans. In contrast, private loans are generally more expensive (variable interest rates, additional fees) and require an established credit record or a cosigner.
Scholarship eligibility for undergraduates is generally determined through a holistic review of both financial need and academic merit. Graduate student eligibility for fellowship, teaching assistant, graduate assistant, and graduate research assistant opportunities varies by graduate program. See Applying for Scholarships for more information.
Top Ten Percent Scholarship Program
The 80th Texas Legislature created the Top 10% Scholarship to encourage students who graduate in the top 10 percent of their high school class to attend a Texas public institution of higher education. Typically, if funding is available, qualifying students who submit the Free Application for Federal Student Aid (FAFSA) or the Texas Application for State Financial Aid (TASFA) by the deadline, have financial need, and enroll fulltime in the fall semester.