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UT Austin scholarships, student loans and grants
Compare financial aid options available to Longhorns.
How much does it cost to go to UT Austin?
|Costs of attending UT Austin||Annual cost|
|Tuition and fees||
|Room and board||$10,804|
|Books and supplies||$700|
|Total cost for 2018-2019 academic year||
As you can see, going to UT Austin costs more than just tuition. You’ll also have to pay for books, housing, meals and cover the general cost of living in Austin.
How much debt do UT Austin students graduate with?
UT Austin students graduated with an average student debt load of $24,883 in 2016, according to the Department of Education. That’s more than $12,000 less than the national average for that year. But about $10,000 more than schools that boast the most comprehensive scholarship packages.
UT plans to expand need-based scholarships in 2020
The University of Texas announced plans to cover tuition and fees for all students whose families make $65,000 or less. The new financial aid will go into effect during the fall 2020 semester.
Students from families with a household income of $125,000 or less will also see an increase in financial aid. The new aid will only go toward undergraduate students. Students are also responsible for covering other costs of attendance, such as room and board.
Does UT Austin offer a tuition payment plan?
Yes. Parents and students can break up their semester bills into three payments by signing up for UT Austin’s installment plan. The first payment is half of your balance plus a $15 processing fee. The second and third payments are around 25% of the semester bill. You can register when you view your online tuition bill.
Waiting for funds to come in from a private scholarship or grant? Parents and students can also take out a short-term Tuition Loan, which is due within 30 to 90 days. UT Austin automatically applies the funds to your student account. You can apply for this short-term loan through UT Direct.
UT Austin scholarships and grants
Whether you’re an incoming freshman or are transferring to UT Austin from another school, you have quite a few scholarship and grant options to look into.
UT Austin grants
UT Austin offers grants to in-state students who have financial need. This means your family has a low-enough income to need assistance covering part or all of tuition. Texas residents must submit a Free Application for Federal Student Aid (FAFSA) each year to be considered for a UT Austin grant.
All resident and non-resident freshmen are considered for a wide range of both need-based and merit-based scholarships.
Freshmen who want to be considered for need-based scholarships should submit the FAFSA by December 1 when they apply to UT. However, students will still be considered for a merit-based scholarship even if they don’t apply for federal aid.
Upperclassmen and transfer student scholarships
Upperclassmen and transfer students can apply for scholarships by filling out the Continuing and Transfer Scholarship application online by March 15. Continuing students can apply starting on November 1, while transfer students can apply starting December 1.
College and school scholarships
Most colleges or schools at UT Austin have their own merit-based scholarships. Unlike general UT Austin scholarships, these often require a separate application. You also might be able to find more funding through your individual academic department.
In addition to scholarships and grants, UT Austin also offers several tuition waivers for nonresidents to reduce part or all of some student’s tuition costs. Typically, these waivers allow out-of-state students to pay in-state tuition.
- Competitive Scholarship Waiver
- Economic Development and Diversification Waiver
- Waiver for Faculty Members, Teaching Assistants, Research Assistants and Their Dependents
- Good Neighbor Scholarship
- Waiver for International Students Who Hold Visas Allowing for Domicile in the US
- Waiver for Mexican Citizens with Financial Need
- Waiver for Military Personnel Stationed in Texas
- Nonresidents Enrolled in the Texas Guaranteed Tuition Plan or Texas Tuition Promise Fund
- Waiver for Military Veterans, Spouses and Children Moving to Texas
Are there other scholarships and grants available?
Yes. UT Austin students can apply for state and federal scholarships and grants as well. State grants are typically only available to Texas residents — nonresident students might be able to find funding in their home state instead.
Student loans to pay for UT Austin
If you can’t get a scholarship, grant or waiver to cover your costs, you might want to consider student loans. The Department of Education recommends that students apply for federal loans first, since they come with more flexible repayment programs and are often less expensive.
Students who’ve reached their federal loan limits or are otherwise ineligible might want to consider applying for private student loans. You can start by comparing providers in the table below.
UT Austin emergency loans
If you just need a little more time to get your payment together or have an unexpected emergency expense pop up, you can also take out an emergency loan directly from the school.
- Amounts: Your total tuition and fee bill for residents, up to 50% of your tuition bill for nonresidents
- Fixed APR: 4%
- Term: 30 to 90 days
- Eligibility: Enrolled at least half time, no unpaid university debts, UT online EID and password
Students who need to delay their semester bill can take out a Tuition Loan to cover the cost. Repayment is due within 30 to 90 days, depending on when you take out the loan.
You can apply for a Tuition Loan online through UT Direct, and funds are automatically applied to your student account. You can make repayments online, at the cashier’s office or by mailing a check to the Student Accounts Receivable office.
Emergency Cash Loans
- Amounts: Up to $500
- Fixed APR: 4%
- Term: 30 days
- Eligibility: Enrolled at least half time, no late or unpaid UT debts, no Emergency Cash Loan within the past 30 days
Emergency Cash Loans are short-term funding for students who have an unexpected expense. It’s an alternative to payday loans — and almost any student can qualify. You can only take out one emergency cash loan at a time, and excessive borrowing might cause an administrative block.
Compare private student loan providers
While UT Austin has several university-wide scholarships and grants, those may not be enough to cover your full cost of attendance. But looking for funding through your specific college, school or academic department might help you cut down on how much you need to borrow.
Explore more options for paying for college with our guide to student loans.
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