By default, LaTeX typesets tildes "too high", but the hyperref package ordinarily corrects this behaviour for URLs (it vertically centers tildes, as expected). However \usepackage[T1]{fontenc}
seems to break this, and the tilde is "too high" again.
\documentclass{article}
\usepackage[T1]{fontenc}
\usepackage{hyperref}
\begin{document}
\url{http://lyle.smu.edu/~tspell/jaws}
\end{document}
any idea how to fix this?