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Effect on Financial Aid
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How Scholarships and Fellowships Affect Your Financial Aid
All scholarships are considered part of your financial aid package and must be reported to the Office of Student Financial Services (OSFS).
Federal regulations require that OSFS take into account all resources available to a student when determining eligibility for financial aid awards.
If revisions to your financial aid package are necessary, OSFS will reduce loans and work-study awards before reducing grants, unless federal regulations require us to do otherwise.
For information on how to report a scholarship to OSFS please see Financial Aid and Non-UT Scholarships.
 
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Don't forget to apply for financial aid each academic year! The Free Application for Federal Student Aid, or FAFSA, is the application which UT Austin uses to determine eligibility for federal, state, and institutional awards such as loans, grants, and work-study. Because some scholarships contain a "financial need" component, all students, whether they believe they will qualify for financial aid or not, are encouraged to complete the FAFSA so that our office can determine their financial need.