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