Overview of the Financial Aid Process
Completing the FAFSA
The financial aid process begins with the FAFSA (Free Application for Federal
Student Aid). The FAFSA is the application which UT Austin uses to determine
eligibility for federal, state, and institutional awards such as loans, grants,
and work-study. The best way to fill out the FAFSA is on-line, at FAFSA on the Web. You can
find out more about the FAFSA on our Applying for
Aid page. The only additional applications students might want to submit
to our office are for UT
scholarships.
All U.S. citizens and permanent residents with proper documentation are eligible
to apply with the FAFSA. (In certain cases, students who are residents of Texas
but not U.S. citizens or permanent residents may qualify for aid. Please contact
our office for further guidance.) As long as such a student is enrolled at least
half-time (usually 6 hours in a long term for most undergraduate and graduate
students) and is in a degree-seeking program, they will be eligible for some financial
aid, based on their FAFSA.
Receiving Notification of Awards
Once UT Austin has received a student’s FAFSA information and submitted any
required verification documents,
we will offer the student awards by sending a Financial Aid Notification (FAN).
Since e-mail is the official mode of correspondence at the University, we generally
send students an EFAN, or Electronic Financial Aid Notification, to let them know
what awards they are eligible for. On the EFAN, the student can view their awards
and then respond - i.e. they can accept or decline the awards offered, or reduce
the amounts of loans offered.
Completing Requirements
Other than applying with the FAFSA and responding to the EFAN, students must
sometimes complete other program-specific requirements to receive their financial
aid. Certain scholarship programs require that a thank-you letter be sent to
us before the scholarship can release. Loan programs require that promissory
notes be signed, loan entrance counseling be completed, or (sometimes) that a
separate loan application be filled out.
Receiving Aid
As long as all these further requirements have been met, UT Austin will be
able to release funds to the
student - usually a few days before classes begin. Financial aid funds go
to pay university debt (such as tuition and fees owed, or housing payments
that are currently due) first, and then any excess funds are sent to the student.

