Student Loans for University of Texas Students
About University of Texas
The University of Texas at Austin, or simply UT, is the flagship school of the Texas university system, and what a university it is. Over 50,000 students study on campus, 38,000 of which are undergrads: it’s a bit of a zoo, but that’s not to say it’s low quality. UT was named one of the original 8 Public Ivy schools, and it maintains a position as a leading public research university. Of course, if you’re talking about UT, you have to talk about the Longhorns: the school’s pretty rabid about its sports. So rabid, in fact, that the university struck a $300 million dollar deal with ESPN to launch a dedicated 24-hour “Longhorn Network” in September of 2011, which gives ESPN exclusive rights to any and all things Longhorn (and a nice revenue stream for the school). In that vein, UT’s a pretty amazing sports school: in addition to a plethora of national championships, they’ve won more men’s and women’s Big 12 titles than any other school in the league since its founding. No big deal.
About 2/3rds of students at UT receive some form of UT financial aid, and if you’re part of that group, it’s super important to construct a budget that keeps your purse strings tight. While you never want to spend more than you have to, it’s especially important to be careful with your cash when you’re already receiving aid: essentially, a dollar you save is a dollar you might not need to borrow. Now, buying things like student season tickets for Longhorn football is just fine ($150 for a guaranteed spot for every game), as well as for basketball tickets, and there’s nothing wrong with going out to eat at Chuy’s or Texadelphia – just don’t do it too often. Be smart!
Applying for UT Student
Since UT is a public school, you’re in luck: you’ll only have to fill out the Free Application for Federal Student Aid (FAFSA) in order to be considered for UT financial aid (and it’s not even all that hard, we promise!). In addition to doing all the fun paperwork, talking to an aid counselor at the UT financial aid office will always be helpful: ask about the ‘free money’ awards that they offer (scholarships & grants), and ask about the possibilities of borrowing. Once you do all that jazz, submit the FAFSA and you’re good to go. You’ll receive your UT financial aid package with your next tuition bill.
UT Financial Aid Packages
Like pretty much every school, UT offers financial aid packages that include work-study programs, student loans, scholarships, and grants. These aid packages work for the majority of UT students, but for a small group, the funds UT gives out just aren’t quite enough to cover the total cost of attendance. If you’re one of these students, be sure you exhaust every source of aid you can come by – if you still need more funding after that, consider a private student loan. Private student loans can be great final sources of money for UT, and you can use our private student loan comparison tool to explore, compare, and even directly apply for private student loans for UT students right through our site.
A scholarship from the University of Texas can help you cover your educational costs and look forward to a great educational experience. Some of the major types of scholarship programs available are: featured scholarships, college and departmental scholarships, endowed scholarships, general university scholarships, OSFS scholarships, and private scholarships.
Pay for University of Texas at Austin*
|Total Avg. Cost||$22,874|
|Room & Board||$13,228|
|Financial Aid Information|
|Students Receiving Fin Aid||71%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,873|
|%Receiving Other Loans||4%|
Get into University of Texas at Austin
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics