UT Austin tuition waiver? What are my chances?

I’m currently a junior in high school who would like to earn a degree in Mech E and Math as a double major, or major in Mech E and minor in math. I live in Louisiana, which isn’t among the best states for a college degree in engineering. Not that there’s anything wrong with the universities here, but I feel as if I’m a higher caliber student than what the colleges here can offer me.
My first choice for a college as of now is the University of Texas at Austin, which is relatively close to my hometown, and is ranked highly on both engineering and mathematics lists. I know that admissions for out of state students is competitive there, but I feel that I have what it takes to get in.
It’s paying for out-of-state tuition that is the issue. I can’t afford the cost of out-of-state tuition, and I’ll undoubtedly have to apply for scholarships. So my first question is, what are my chances of earning a scholarship given my credentials (which will come later in the post)?
I was doing more research on the Cockrell School of Engineering webpage and found another site about getting your out-of-state tuition waived and instead paying in-state tuition. This is what they said verbatim:

“To be eligible for an out-of-state tuition waiver, a student must receive an academically competitive scholarship or fellowship of $1,000 or more during an academic year. This means that the scholarship must be awarded competitively, considering both in-state and out-of-state students equally. The award must come from Cockrell School or university resources, not an external source such as a student’s high school or home country.Undergraduate students meeting the eligibility requirements RARELY receive a tuition waiver. Out-of-state tuition waivers are extremely difficult to obtain because the Cockrell School is allotted very few waivers for undergraduates each year.There is no application process for waivers. We award waivers automatically to eligible students with the highest academics. Recipients are notified in their scholarship award letter if they are selected to receive a waiver.”

Given this information, here are my basic credentials:
I’m in the top 10% of my class (not sure of actual rank) with a 4.0 GPA unweighted and a GPA over 4.0 weighted (once again not sure of an exact number). I’ve taken one AP class so far and made a 5 on the exam. This year I’m in three AP courses which I plan on making either 4’s or 5’s on, and next year I’ll take 3-4 more AP courses with the same intentions. I took the ACT my sophomore year and made a 33, I have yet to take it during my junior year. I also plan on taking the SAT this year as well, and I made a 1480 out of 1520 on the PSAT, qualifying for the National Merit Scholar competition.
So will a 4.0+ GPA student with a 33 (as of now) ACT score and (probably) a comparatively high SAT score and 7 AP classes under his belt be considered prime material for the waiver? If not, I can fit up to two more AP classes into my senior schedule but beyond that I don’t know what else to do. More than anything I’d just like to know mu chances of attaining a scholarship or ideally even a tuition waiver.
Thanks for reading all that, by the way. Any advice would be greatly appreciated.

You have wonderful application stats. You will have to just apply…and see.

I’m going to suggest you apply to University of Alabama as well. They have an excellent engineering program. You would, I believe, get a full tuition scholarship, plus $2500 if you major in engineering. NMS winners get something as well.

@mom2collegekids what are the automatic guaranteed awards this student would,get at University of Alabama.

Probably the best anyone can tell you is that if you don’t apply, your chances will be 0%. Does it matter if your chances are 1 in 10,000,000 or 1 in 1,000? Would the difference dissuade you from applying? Apply and see what happens (when the time comes). That’s all that you can do.

DS had your stats, IBD, more APs, SS 34 ACT on act and would have been a full pay OOS candidate and didn’t even get a look in LOL. The OOS issue is real. So it isn’t just about the scholarships, it is about actual admission first.
In reality, among eng students, you are pretty normal in any good eng dept in a good university. The reality is students like you need to apply down to get into the top 10% or less of applicants to schools that buy stats (see auto tuition threads). What are the reciprocal tuition states for your state?

Be sure to apply to the engineering honors college. There is a lot of money in the school of engineering for merit aid, and it is given primarily to honors students.

I think you have a pretty good shot of getting in, but they are very hesitant of giving money to OOS students because of the tuition waivers.

Good luck!

Louisiana and Texas have tuition reciprocity programs, but UT Austin doesn’t partake in them. Just my luck. Hopefully I get in, but like they said, I’ll just have to apply and see, and remain hopeful for the future.

Apply and see.

But balance your list and make sure you also apply to schools where you can use your full-ride deal–Alabama and University of Oklahoma for sure.

Most of the kids we know who are IN-state for UT and are NMFs go to OU or Alabama. It’s a deal that is hard to beat. Even the most die-hard of UT fans fell hard this year when the student was named NMSF/likely NMF and saw the hard $$$ on the table.