a current student here
UT is fairly expensive, particularly for out of state students, and it doesn't offer a whole lot in the area of scholarships/financial aid. However, it is arguably the best public school in Texas, particularly for areas like engineering and business, so you get what you pay for. Definitely try to pick a major when applying though, because a lot of the money that doesn't come through UT as a school comes through individual colleges (like the College of Liberal Arts, or the College of Natural Sciences, or the College of Engineering, etc.).