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How is Aid Calculated?
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The University of Texas at Austin uses the Expected Family Contribution (EFC) calculated through the Free Application for Federal Student Aid (FAFSA) to determine an appropriate aid offer for your education costs of attending the university.
Taking into account a studentís financial need and the limitations on the aid programs available, UT Austin awards eligible students with a combination of grants, work-study, and loans. Actual awarded aid depends on eligibility, priority, and availability. Some students may qualify for all three, and other students may only qualify for loans.
If a student receives private scholarships or funding from another source, their financial need will decrease, and their other awards may have to be adjusted. We try to adjust loans first, then work-study, so as to preserve grant funding for our students. You are required by federal law to report scholarships and other sources of funding, so please notify our office as soon as you know youíll receive an any sort of external funding.
To learn more visit the U.S. Department of Education's How Aid is Calculated.