Office of Student Financial Services

Longhorn's Guide to Financial Aid

OSFS Services

Financial Aid Counseling & Processing Complete a new FAFSA each year www. fa fsa .ed .gov

Scholarships www. texasscho la rsh ips .o rg

Bevonomics – money management workshops www.bevonomics .o rg

Hire-a-Longhorn – job search www.h i rea longhorn .o rg

Scholarship Search

UT-Austin’s scholarship application Complete application online at:

www. texasscho larsh ips .org Available online Deadline: April 1, 2011

Community scholarships

Academic department scholarships

On-line Scholarship Databases www. fas tweb .com

Free, safe, reliable www. texasscho larsh ips .org

Check Finaid Status Online via CASH http://fi naid.utexas.edu/cash

Review & submit your Financial Aid award notice

Complete any requirements: Entrance Counseling Documentation needed FERPA privacy release Direct deposit

authorization

Report scholarships

Review the status of your funds release

T&F Bill: How Will You Pay For It?

See your “My Tuition Bill” page via your UT Direct site

Due August 11th by 5:00pm

Must select payment arrangement:

“Pay with Financial Aid”

Installment Plan

Check: Electronic Funds Transfer (EFT)

Credit Card: MasterCard & Discover Only

Tuition Loan

“My Tuition Bill “ via UT Direct

Aft

er

You must select a payment option in order to secure your classes

Red means classes are not secured Green means classes are secured

Bef

ore

Disbursement of Aid

When is aid released? At the start of each semester See “Funds release” via CASH page

What is paid? Any outstanding UT debt

(i.e. T&F’s, on-campus housing…)

Where does remaining aid go? See “Where’s my Check” via UT Direct or “Funds Release” via

CASH

Direct Deposited to update go to “My Bank Info” via UT Direct

Mailed as a paper check to update go to “My Addresses” via UT Direct

Loan Process

Complete all loan requirements: Direct Loans:

Entrance counseling, promissory notes, etc… https://studentloans.gov

College Access Loans: www.hhloans.com

Loan Type Interest Rate Repayment Credit Check

DL Subsidized 4.5% Begins 6mos after student: graduates, leaves UT, or drops below half-time enrollment.

  

DL Unsubsidized 6.8%

DL Parent PLUS 7.9% 60 days after loan is fully disbursed or 6mos after student ceases to be enrolled at least 1/2 time.

yes 

College Access Loan (CAL) Fixed: 6% Begins 6mos after student: graduates, leaves UT, or drops below half-time enrollment.

yes 

Private Loans (Alt loan) Vary by lender Vary by lender    yes

Student Loans - Getting Started

Use your FAFSA PIN to gain access Requirements listed on “My Profile”

Parent PLUS Loan: 2 steps

Step 1: PLUS Request Process Step 2: PLUS Loan MPN

Things to Remember

Apply for FAFSA each year by the priority deadline

FERPA release authorization

Always check your CASH page

Read all mail / e-mail

Submit all required documentation

Complete Direct Loan promissory notes & entrance counseling online at: https: / /s tudent loans.gov

http://finaid.utexas.edu • (512) 475- 6282

Find us on Facebook: University of Texas at Austin Financial Aid Office

Contact Information

Mon - Fri 8:00am – 5:00pm

(512) 475 - 6282

Student Services Building (SSB)

3rd Floor