Why Has My Financial Aid Award Changed?

Your financial aid award for The University of Texas at Austin can change for several reasons. Here’s a breakdown of the most common ones:

• DoE 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.
• 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/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 provide additional documents 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.

Remember

• Contact Texas One Stop before or if you have any changes to your enrollment (dropping courses, etc.).
• Report any outside aid that you receive directly.
• Respond promptly to any requests for verification documents in My Financial Aid.