How Financial Need is Determined

Need is the difference between UT’s cost of attendance and the expected family contribution (EFC). The Free Application for Federal Student Aid (FAFSA) is used to determine the EFC.

Factors considered in determining the EFC are parent and student income, assets, household size, number attending college, age of the primary wage earner and state of residency.

UT will send a financial aid award notice to students regarding their financial aid eligibility as soon as possible after receiving the FAFSA results. New students must be admitted for an award to be calculated. The financial aid award includes a student’s federal, state (for Florida residents) and UT aid eligibility. Students must notify the Financial Aid Office if they are awarded funds from other resources (see Excessive Awards).