The University of Texas Austin, or UT Austin, is an excellent prestigious university located in Austin, Texas. It is the flagship state university in Texas and is the second biggest state university in the state. The undergraduate enrollment is about 40,000 students, and the graduate enrollment is about 11,000 students. This article will cover the UT Austin scholarships as well as financial aid available to be a help for prospective students.
Since 1883, UT Austin has provided an excellent education to both students in-state and out-of-state. Because of its great curriculum, it has been named as a “Public Ivy,” which includes universities such as UC Berkeley. There are numerous successful alumni as well including Nobel Laureates, Field Medal Winners, etc.
One thing to take away is that if you do go to UT Austin, you will be taught by the world-class faculty. Even if you were a straight-A student who never had to study to get good grades in high school, you will be faced with difficult classes with very smart fellow students. So, you can be guaranteed that you will be challenged.
In this article, we will be covering UT Austin scholarships and financial aid so that you can be able to afford the tuition fee as well as room and board costs. But before we do that, let’s look at the total cost.
Total Cost of Attendance
The tuition fee for in-state students is approximately $11,000, and for out-of-state students, it is approximately $35,000 per year. In addition to those fees, other expenses such as dormitory, food, and personal expenses are around $20,000 a year. So, if you are a student who is not from Texas, your cost will be around $55,000 a year total.
So, how can you afford to attend UT Austin? There are many ways including getting UT Austin Scholarships and Financial Aid. We will cover only the major methods of financing your education, but please bear in mind that there are other ways such as working or outside scholarships so that you can be more financially prepared.
UT Austin Scholarships
There are various scholarships that are available for students who applied to UT Austin. These scholarships do not require separate application, but once you are accepted, you will be prompted to fill out a questionnaire so that you will be matched to various scholarships.
Here are some of the higher valued scholarships that are available:
E.R. and Patti C. Breaker Scholarships awards students the maximum of full-tuition scholarships that is renewable for four years. To apply, you need to fill out the FAFSA. It is awarded based on merit, but financial need might affect the outcome.
Another high-valued scholarship is Albert and Jessie Cudlipp scholarship, and the maximum award is the cost of attendance, which covers full tution, room, board, and personal expenses! Like the other scholarships, it requires FAFSA to be eligible.
The third scholarship is the Terry Foundation Scholarship, and the maximum award is $25,000 per year, renewable for four years. To be eligible, you will need to file FAFSA as well as be a Texas resident. You will not only need to be excellent in academics but also in character and leadership to be selected for this scholarship. If you are selected, this scholarship will cover full tuition as well as some of the room and board costs as well.
There are numerous scholarships that are available in the scholarship database. If you are a prospective applicant, it wouldn’t hurt to quickly glance at this list.
UT Austin Financial Aid
There are financial aid available for both out-of-state and in-state students. If you are not a Texas resident, you are eligible to receive Federal Grants as well as grants from UT Texas. But in this section, I would like to focus on the grants for in-state students because UT Austin has invested tremendously to make education affordable for Texas residents. This does not mean that students who are not a Texas resident can’t receive any grants. If you are academically successful, you will definitely receive enough scholarships and grants to make UT Austin financially feasible. However, if you are from Texas, getting grants from UT Austin is much easier because this is a state university.
For instance, UT Austin’s Texas Advancement Commitment states that if your family makes less than $30,000 in Adjusted Gross Income, your tuition will be free. Adjusted Gross Income is your family’s total income minus tax deductables such as church offerings, donations, 401k, etc. Also, if your family makes less than $100,000, then you will automatically be eligible for grants. Please note that this applies only to in-state students.
There are over 4,500 students that receive this award, so you know that UT Austin is truly being committed to keeping this promise. This grant will be renewable as long as your family’s financial situation fits the criteria.
There are also UT Austin scholarships that are available for in-state students. The biggest awards include Presidential Scholarships and University Leadership Network, which each awards $5,000 per year for four years. If you get even one of these scholarships, you will get a large chunk out of your in-state tuition.
If you are interested in learning more about this UT Austin commitments toward in-state students, visit Texas Advance Commitment Page!
How to Apply for Scholarships and Financial Aid
So, how do you apply for these scholarships and financial aid? As you’ve seen above, scholarships do not require a separate application but instead require you to submit FAFSA by January 15. If you pass this deadline, you will still be eligible to receive financial aid and scholarships, but it will be limited. This is the case with financial aid as well. You need to submit FAFSA, and UT Austin will automatically grant you aid that fits your criteria.
Then, you will need to submit your application to UT Austin by December 1. Make sure to submit your application by then to be eligible for most scholarships!
There are additional minor steps that might take place. To see the additional steps, visit the financial aid process page!
I hope that this guide on UT Austin Scholarships and financial aid was helpful. If you are interested, I highly recommend going to Texas University Scholarships Category if you are a Texas resident. If not, you should visit Authority Scholarships Website and see the universities that are in your state because these will be the most likely be affordable to your family.
