Loan Information

Tuition/Cash Loans

There are two types of institutional loans— tuition loans based on the amount of the tuition and fee bill, and emergency cash loans (maximum of $500). Loans are a form of financial aid that must be repaid, usually with interest, after you graduate from UT Austin. The amount of money you can borrow depends on several factors, including your year in school. Loans are offered by the Federal and State government, as well as through private lenders.

Perkins Loans

Perkins Loans are low-interest federal student loans for undergraduate, graduate, and professional students with exceptional financial need. The change allows a break in Perkins teacher cancelation service due to a condition covered by the FMLA, as is currently provided for in the FFEL and DL teacher forgiveness regulations. The regulation also allow for a break in service in the other Perkins cancelation categories due to a condition covered by the FMLA

Federal Direct Loans

Direct Loan offerings include the Direct Subsidized Loan, Direct Unsubsidized Loan and Direct Plus Loan. We offer a variety of financial aid opportunities to help students in their pursuit of a UT Austin education. Eligibility for aid is based on financial and household information that is reported on your Free Application for Federal Student Aid (FAFSA). In addition, you must meet certain eligibility requirements.