$4,808

Avg. Federal Grant

$4,713

Avg. Federal Loan

$211,275,248

Total Aid Awarded

The University of Texas at Austin Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$211.275M

Financial Aid Official Website

finaid.utexas.edu

As many as 67% of the students at TUTA get some sort of financial aid, and the total amount of assistance/loans provided is more than $66,655,351 in a year. More information regarding the financial assistance schemes can be accessed on TUTA’s official financial aid page at http://finaid.utexas.edu. The total percentage of candidates applying to The University of Texas at Austin who receive the Federal Grant is 23%. On the other hand, 46% of the candidates get the Student Grant, 39% receive the Institution Grant, and 23% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,771, and the same stands at $6,842 for State Grant awardees and $5,158 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,604. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At The University of Texas at Austin, the percentage of candidates who opt to avail of student loans is around 39%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

27%

Institution Grant Aid

34%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$4,808

State Grant Aid

$7,247

Institution Grant Aid

$5,777

Pell Grant

$4,806

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,854

$30,001 - $48,000

$12,857

$48,001 - $75,000

$10,322

$75,001 - $110,000

$5,359

Over $110,000

$1,270

Student Loans for The University of Texas at Austin

Average Loan Amount Average Loan Amount received per year.

$5,233/Year

Students Taking Out Loans

43%

Loan Default Rate

2.6%

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