The University of Texas System Board of Regents recently approved a tuition increase of 2.1% and 3.6% for out-of-state and graduate students, respectively. In order to accommodate any unmet need stemming from the tuition increase, the OSFS will make revisions to applicable financial aid packages in the following manner:

• If your new tuition amount results in an increase to your financial need and you have not been offered your maximum Federal Direct Subsidized Loan for which you are eligible, we will automatically increase that award.
• If you were initially awarded a Federal Direct Unsubsidized Loan, our office may replace all or a portion of that loan with the need-based, lower interest Subsidized loan where federal law permits.
• If you were already awarded up to your Subsidized Loan eligibility or you are not eligible for this loan, Unsubsidized and Federal PLUS Loans are the only forms of additional aid that our office may offer.

Note: While we will automatically repackage to award subsidized loans, unsubsidized and PLUS loans will be repackaged by request only. These loans have many advantages for borrowers. However, they are the most expensive federal loans because of their relatively high interest rates and interest accrues while you are in school. We are willing to increase these loans whenever the law allows however, we want to do so only after students carefully consider their need to take on more unsubsidized and PLUS debt.

Subsidized loan revisions will take place mid to late-June and will be available via Financial Aid Notification (FAN) in CASH. Additional amounts offered may be accepted, declined or reduced.