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Types of Aid
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The University of Texas relies on a variety of financial aid sources to cover the entire Cost of Attendance and increase the school’s affordability. Generally, eligibility for these programs is based on financial and household information that is reported on the Free Application for Federal Student Aid (FAFSA). The major sources of financial aid are listed below:
Grants and Work-Study
Grants and Work-Study eligibility information.
Name Eligibility Annual Award
Range
Available in
Summer?
Federal Pell Grant Financial Need, U.S. Citizen or Permanent Resident
Effective July 2012, eligibility limited to 12 semesters or equivalent.
$200-$5,500 No
TEXAS Grant Financial Need, Academic Merit, and Texas Residency $1-$5,000 No
Texas Public Education Grant Financial Need and Academic Merit $1-$10,000 No
UT Grant Financial Need, Academic Merit, and Texas Residency $1-$10,000 Limited
Work-Study Financial Need, U.S. Citizen or Permanent Resident $750-$2,800 Limited
Loans
Loans eligibility information.
Name Eligibility Annual Award
Range
Available in Summer? Interest
Rate
Repayment Begins Interest
Deferred?
Federal Direct
Subsidized Loan
Undergraduate Standing, Financial Need, U.S. Citizen or Permanent Resident $250-$5,500 Limited 3.86% fixed 6 months after not enrolled at least half-time. Yes, while in school.
Federal Direct
Unsubsidized Loan
U.S. Citizen or Permanent Resident $250-$7,000
(Undergraduate)

$250-$20,500
(Graduate)
Limited 3.86% fixed
(Undergraduate)

5.41% fixed
(Graduate)
6 months after not enrolled at least half-time. No
Federal Direct
PLUS Loan
Undergraduate Standing, U.S. Citizen or Permanent Resident, and Acceptable Credit Score $250 to Cost of Attendance not covered by other aid. Yes 6.41% fixed 60 days after loan disbursed. No
Federal Direct
Graduate PLUS Loan
U.S. Citizen or Permanent Resident, Graduate Standing, and Acceptable Credit Score $250 to Cost of Attendance not covered by other aid. Yes 6.41% fixed 60 days after loan disbursed. No
Federal Perkins Loan Financial Need, U.S. Citizen or Permanent Resident, and Undergraduate Standing $250-$4,000 Limited 5% fixed 9 months after not enrolled at least half-time. Yes, while in school.
State Loan Programs
The State of Texas established certain student loan programs that have been authorized for Texas residents by the Texas Legislature to improve and increase access to higher education in the State of Texas. Funds for these loan programs may be limited.
Private Education Loan Programs
Are not offered by federal or state government; generally by for-profit lending institutions
Alternative or private loans are available in cases where the federal or state loan programs are inadequate to help you meet your educational expenses. Generally, the interest rates on these loans are often not as competitive as the rates on the federal or state loans.
No assurance that the terms and conditions are a borrower-friendly as federal or state loans. International students and international Texas residents are common alternative loan borrowers.
An alternative loan provides funds from a private lender (bank) of your choice. Most alternative loan lenders require loan certification from the school in order to verify your enrollment and Cost of Attendance amounts.
Scholarships
Scholarship eligibility for undergraduates is generally determined through a holistic review of both financial need and academic merit. Graduate student eligibility for fellowship, teaching assistant, graduate assistant, and graduate research assistant opportunities varies by graduate program. See Applying for Scholarships for more information.
Top Ten Percent Scholarship Program
The 80th Texas Legislature created the Top 10% Scholarship to encourage students who graduate in the top 10 percent of their high school class to attend a Texas public institution of higher education. Typically, if funding is available, qualifying students who submit the Free Application for Federal Student Aid (FAFSA) or the Texas Application for State Financial Aid (TASFA) by the deadline, have financial need, and enroll fulltime in the fall semester.