The Web-based Scholarship/Fellowship document is used to process departmental scholarship/fellowship payments. It can be used to make a single, one-time payment or multiple payments scheduled over an entire fiscal year. Funds are encumbered upon final approval of the document.
The document is also used to process one-time cash prize payments. Note: Cash prizes paid to employees must be nonwork related. Work-related cash prizes for employees must be paid through Payroll Services.
The document automatically verifies the registration status of the recipient, based on the required specifications, before each payment occurs. All payments will be made using direct deposit as the default payment method with options for check pickup and U.S. mail. Bars (money owed to The University of Texas at Austin) will be deducted automatically from any payments before the balance is paid to the recipient. Bars are not deducted from cash prize payments.
All departmental scholarships/fellowships and cash prizes can be created, monitored, and updated online in the Financial Resource Management System (FRMS) system in UT Direct. From the Scholarship/Fellowship home page you can search for documents, view details of approved awards, create a new award, or correct an award.