Funding as in merit aid does not require a separate process and it will come within the week in our admissionsnletter (if they give us any), for financial aid we do need to fill in an application although that one varies according to where you are from. From what I gather from friends in UT graduate students do not live on campus, life in austin is inexpensive in comparison to other places in the US though, check out craigslist.com for info on housing. In order to obtain your I20 a document needed for your visa you need to have funds availiable between personal ,loans and funding equal to tuition and estimated costs of living for a year which the university stipulates. I believe for LBJ that is a bit under 40k. Hope it helps! more questions PM me.