Why Has My Financial Aid Award Changed?
Your financial aid award for The University of Texas at Austin can change for several reasons. A list of the most common reasons and an example of how your aid may be adjusted are available below.
Department of Education Reprocessing
The Department of Education (DoE) has recently identified errors in its calculation of certain FAFSA applications and is working to fix them. If your application was among those impacted by an error, it will be reprocessed which could result in an adjustment to your financial aid award amount — either higher or lower.
FAFSA Updates
If you make changes to your FAFSA this could potentially change your financial aid eligibility.
Enrollment Changes
This includes enrolling less than full-time, dropping courses, or withdrawing for a semester. These changes can reduce or eliminate your financial aid. Contact Texas One Stop before or if you have any changes to your enrollment.
Maintaining Satisfactory Academic Progress (SAP)
All undergraduate students will be evaluated for SAP at the end of each academic year.
Funding Changes
If the federal, state, or University funding for financial aid programs is lower than expected, your award may be adjusted.
Regulation Changes
Federal and state laws affecting financial aid can change, impacting your eligibility and award amount.
Scholarship and Grant Requirements
Not meeting the academic performance or other requirements for scholarships or grants can lead to losing that funding.
Outside Financial Aid
Students need to report any outside aid that they receive directly.
Verification Process
If selected for verification, you’ll need to promptly provide additional documents in your My Financial Aid portal to confirm your financial aid eligibility. This might result in an award adjustment.
Loan/Grant Limits
Reaching the maximum amount allowed for Federal Direct Loans or Pell Grants will reduce or eliminate those awards in your package.
Special Circumstances
Unexpected events like job loss or medical expenses can impact your financial situation. Contact Texas One Stop if this happens.
Financial Aid Award Adjustment Example
Bevo’s initial financial aid package for the fall semester:
| Award | Amount |
|---|---|
| Pell Grant | $6,000 |
| Texas Grant | $5,000 |
| Federal Work-Study | $2,500 |
| Loans | $3,929 |
| Total (Cost of Attendance) | $17,429 |
Amount
-
Pell Grant
$6,000 -
Texas Grant
$5,000 -
Federal Work-Study
$2,500 -
Loans
$3,929 -
Total (Cost of Attendance)
$17,429
Bevo then receives a $4,000 scholarship from the Texas Foundation with half releasing in the fall and the other half in spring. Since Bevo is already awarded up to their COA, their current aid package must be adjusted to make room for the additional $2,000.
Bevo’s adjusted fall financial aid package:
| Award | Amount |
|---|---|
| Pell Grant | $6,000 |
| Texas Grant | $5,000 |
| Federal Work-Study | $2,500 |
| Texas Foundation Scholarship | $2,000 |
| Loans | $1,929 |
| Total (Cost of Attendance) | $17,429 |
Amount
-
Pell Grant
$6,000 -
Texas Grant
$5,000 -
Federal Work-Study
$2,500 -
Texas Foundation Scholarship
$2,000 -
Loans
$1,929 -
Total (Cost of Attendance)
$17,429