Release of Spring 2016 Financial Aid
When will my financial aid release?
The Office of Financial Aid (OFA) typically begins releasing financial aid approximately a week before the first class day of each semester. OFA will continue to release financial aid funds every weeknight throughout the semester.
How do I receive my financial aid?
UT Austin debt (i.e. tuition, on-campus housing) is paid first. Remaining funds, if any, are then released to you (the student) via:
- Direct deposit, if it is set up or
- Paper Check (mailed to either the local or permanent address on file).
Why hasn't my financial aid released?
Check CASH for any outstanding requirements you may have. Here are a few reasons that delay the release of financial aid funds:
- Your local address needs to be updated.
- Your spring enrollment is less than full-time.
- Undergraduates: Full-time enrollment is defined as 12 credit hours.
- Graduates: Full-time enrollment is defined as 9 credit hours (enrollment status may vary among graduate colleges/departments; check with your academic advisor to determine the number of hours for which you should be registered.)
- Your Student Loan Entrance Counseling needs to be completed.
- Your Master Promissory Note(s) (MPN) need(s) to be signed.
- An MPN is the legal agreement between a student (or parent) borrower and the lender that the borrower will repay a loan. The MPN must be signed by the borrower before loan funds can be disbursed.
- The MPN message will remain on CASH until UT Austin originates your loan. If you are uncertain whether you have signed your MPN, contact the Department of Education at (800) 557-7394. If you have already signed your MPN, disregard the message in CASH.
- You have outstanding Satisfactory Academic Progress requirements.
Some of my financial aid has released, but not all of it!
We release your funds as they become available. Not all types of financial aid will release on the same day, or even in the same week. This is not an indication that something is wrong, and is most of the time just normal processing.
I'm not enrolled full time. Can I still get my financial aid?
Are you enrolling in at least the minimum hours required to receive aid? If you have not already done so, you will need to notify Financial Aid so that we can make the necessary adjustments to release your financial aid.
Please be aware that some financial aid programs require full-time enrollment, so we cannot guarantee your financial aid package will remain the same.
What if I need more financial aid?
If you think you need additional funding, take a look at these additional loan options and contact our office if you're interested: