Financial aid with regard to deductions for scholarships...

Colleges and Universities A-Z The University of Texas at Austin
1

<p>Okay so UT gave me $14,130 for the year in financial aid (thats just the grants and stuff-i didn't accept any loans). I am expecting another possible $2000 to be added to that because of the top 10% scholarship, once I get it worked out with OSFS. And then i got a lot of money in other scholarships. I got $2500 from UT (merit scholarship), I'll get $2000 from the state for graduating early, and today I received the Houston Endowment scholarship of 4k per year. </p>

<p>So thats:
$16,130 --FA
$2000----Early grad
$2500----Ut merit scholarship
$4000----Houston Endowment
+_______
$24,630</p>

<p>My cost of attendance was somewhere around $22k and my efc was around $3500. My question is, will my UT financial aid grants be reduced to the point where I have to pay my EFC, or will they only be reduced to the point where, combined with my scholarships, they do not exceed my cost of attendance? </p>

<p>I hope this makes sense</p>

2

<p>Basically, they will take out financial aid equal to the scholarship amount.
On the Houston Endowment sheet I got, they said that I could defer the money all the way until grad school. and if UT does that, that’s exactly what I will do.</p>