Student Loans for University of Texas Students

About University of Texas

student loansThe 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!

UT Financial Aid Packages

financial aidLike 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.

Pay for University of Texas at Austin*

Total Avg. Cost $22,874
Tuition $8,930
Room & Board $13,228
Financial Aid Information
Students Receiving Fin Aid 71%
Typical Grant Amounts
State/Local $5,133
Federal $4,139
%Receiving Loans 40%
Avg. Other Stud. Loans $8,873
%Receiving Other Loans 4%

Get into University of Texas at Austin

Admission Rate 45%
Total Enrollment 50,995
Men 49%
Women 51%
Graduation Rate 81%
Application Fee $60

Contact University of Texas at Austin

Address
University of Texas
Austin, TX 78712(512) 471-3434
Financial Aid Office URL
http://finaid.utexas.edu/
Admissions Office URL
http://www.utexas.edu/student/admissions/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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