diff --git a/crates/egui/src/load.rs b/crates/egui/src/load.rs
index 6f277cb5eb0..a70986d4c81 100644
--- a/crates/egui/src/load.rs
+++ b/crates/egui/src/load.rs
@@ -55,17 +55,20 @@
 mod bytes_loader;
 mod texture_loader;
 
-use crate::Context;
+use std::borrow::Cow;
+use std::fmt::Debug;
+use std::ops::Deref;
+use std::{error::Error as StdError, fmt::Display, sync::Arc};
+
 use ahash::HashMap;
+
 use epaint::mutex::Mutex;
 use epaint::util::FloatOrd;
 use epaint::util::OrderedFloat;
 use epaint::TextureHandle;
 use epaint::{textures::TextureOptions, ColorImage, TextureId, Vec2};
-use std::borrow::Cow;
-use std::fmt::Debug;
-use std::ops::Deref;
-use std::{error::Error as StdError, fmt::Display, sync::Arc};
+
+use crate::Context;
 
 pub use self::bytes_loader::DefaultBytesLoader;
 pub use self::texture_loader::DefaultTextureLoader;
diff --git a/crates/epaint/src/text/font.rs b/crates/epaint/src/text/font.rs
index 163697d5f89..f33ff1cee1c 100644
--- a/crates/epaint/src/text/font.rs
+++ b/crates/epaint/src/text/font.rs
@@ -72,7 +72,7 @@ pub struct FontImpl {
     height_in_points: f32,
 
     // move each character by this much (hack)
-    y_offset: f32,
+    y_offset_in_points: f32,
 
     ascent: f32,
     pixels_per_point: f32,
@@ -111,22 +111,23 @@ impl FontImpl {
             scale_in_points * tweak.y_offset_factor
         } + tweak.y_offset;
 
-        // center scaled glyphs properly
-        let y_offset_points = y_offset_points + (tweak.scale - 1.0) * 0.5 * (ascent + descent);
+        // Center scaled glyphs properly:
+        let height = ascent + descent;
+        let y_offset_points = y_offset_points - (1.0 - tweak.scale) * 0.5 * height;
 
         // Round to an even number of physical pixels to get even kerning.
         // See https://github.com/emilk/egui/issues/382
         let scale_in_pixels = scale_in_pixels.round() as u32;
 
         // Round to closest pixel:
-        let y_offset = (y_offset_points * pixels_per_point).round() / pixels_per_point;
+        let y_offset_in_points = (y_offset_points * pixels_per_point).round() / pixels_per_point;
 
         Self {
             name,
             ab_glyph_font,
             scale_in_pixels,
             height_in_points: ascent - descent + line_gap,
-            y_offset,
+            y_offset_in_points,
             ascent: ascent + baseline_offset,
             pixels_per_point,
             glyph_info_cache: Default::default(),
@@ -283,7 +284,8 @@ impl FontImpl {
                 });
 
                 let offset_in_pixels = vec2(bb.min.x, bb.min.y);
-                let offset = offset_in_pixels / self.pixels_per_point + self.y_offset * Vec2::Y;
+                let offset =
+                    offset_in_pixels / self.pixels_per_point + self.y_offset_in_points * Vec2::Y;
                 UvRect {
                     offset,
                     size: vec2(glyph_width as f32, glyph_height as f32) / self.pixels_per_point,