awilson11 wrote:I am posting this in the University of Texas class of 2014 thread too so bear with me if you see it twice, I am just a little confused. I just got my scholarship offer of $9500/year. However, they are also giving me a Nonresident Tuition Exception, which they value at $48k. I am assuming this means they are charging me in-state tuition (the numbers match up roughly). Can anyone clarify this for me? They value the entire scholarship at 76.5k, and if it is 76.5k from the out of state numbers then I have to say I am pretty happy.
Yes. If you imagine that they were charging you oos tuition, then they would be, in effect, giving you 76.5k over three years.
Also yes: they are charging you in-state tuition and giving you 9.5k/yr. It's just an accounting difference. Instead of giving you 76.5k off of oos tuition, they're giving you 9.5k/yr off of in-state tuition. For your pocketbook it's the same thing though.