Release of Fall 2015 Financial Aid
When will my financial aid release?
Typically, financial aid will begin to release about a week before regularly scheduled classes begin.* The Office of Financial Aid continues to release financial aid funds every weeknight throughout the semester.
*If you are enrolled in summer classes, your fall funds may be held until after summer grades are posted and reviewed for Satisfactory Academic Progress.
How do I receive my financial aid?
UT Austin debt (i.e. tuition, on-campus housing and any other debt showing on What I Owe) is paid first. Remaining funds, if any, are then released to you via:
- Direct Deposit. Funds may take 2-3 business days before becoming available in your bank account; or
- Paper Check (mailed to either the local or permanent address on file). It can take up to 10 business days for delivery of check. You can monitor via Where's My Check? through UT Direct.
For more information, see the Receiving Aid FAQ.
Why hasn't my financial aid released?
Check CASH for any outstanding requirements you may have. Here are a few reasons why your funds may be on hold:
- Your local address needs to be updated.
- Your Fall enrollment is less than full-time.
- Undergraduates: Full-time enrollment is defined as 12 credit hours.
- Graduates: Full-time enrollment is defined 9 credit hours (enrollment status may vary among graduate departments.)
- You have loan requirements that you have not yet satisfied in CASH.
- You have outstanding Satisfactory Academic Progress requirements.
- You have not activated your current Financial Aid Notification (FAN).
- You reported changes on your recently submitted Financial Aid Notification (FAN), which require a review by a Financial Aid Counselor and may take a few weeks once completed.
- You have a bar with our office. This requires our office to review your file and may take a few weeks once the bar is posted.
- You have not upgraded your UT EID and you must visit the UT Austin ID Center in person and present a valid, current, government-issued ID.
Some of my financial aid has released but a portion is still held.
- Funds are released as they become available. Not all types of financial aid will release on the same day, or even in the same week. This is generally normal processing.
- Direct Loan origination fees affect the actual amount of your loan and are subtracted from your original awarded amount.
- If you are waiting on an outside scholarship check, please contact the private donor to ensure the check has been mailed to Financial Aid. Our office cannot release scholarship funds until after the check has arrived.
I do not plan to enroll full-time. Am I still eligible for financial aid?
Will you be enrolled in at least the minimum hours required to receive aid? If so, you may be eligible for financial aid. If you have not already done so, you will need to notify Financial Aid so that we can make any necessary adjustments to release financial aid.
Please be aware that a few financial aid programs require full-time enrollment, so we cannot guarantee your financial aid package will remain the same.