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Financial Aid 2015-2016

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Page 1: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Financial Aid 2015-2016

Page 2: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Types of Financial Aid

Grants – funds from Federal and State resources that DO NOT require repayment

Scholarships – State, Institutional, and Organizational funds that DO NOT require repayment

Loans – Federal, State, and Private funds that DO require repayment

Page 3: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Eligibility Requirements

To be eligible to receive financial aid you must be:

Fully admitted into a degree granting program Provisionally admitted students are ineligible for financial aid

Enrolled at least half-time Undergraduate Students : 6 credit hours Graduate Students: 5 credit hours during fall/spring, 3 credit hours during summer

A U.S. Citizen or Permanent Resident

In compliance with the TTUHSC Satisfactory Academic Progress (SAP) policy http://www.ttuhsc.edu/financialaid/eligibilityrequirements.aspx

Page 4: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Applying for Financial Aid

Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov

An FSA ID and password are required to complete and sign your application. As of May 2015 the four digit PIN will no longer be used.

The school code for Texas Tech Health Sciences Center is: 016024 (We are NOT Texas Tech University. The school code for TTUHSC must be listed on your FAFSA in order for our office to receive the data.)

Apply for scholarships through the School of Nursing at http://www.ttuhsc.edu/son/Scholarships/default.aspx

Please note – A FAFSA is required for scholarship consideration.

Page 5: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Financial Aid Process – Yearly Timeline*Each aid year starts with the summer semester and ends with the following spring semester.

Spring semester of each year: Student completes Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. TTUHSC receives FAFSA data from the Federal processor within 3-5 business days.

Starting in March: TTUHSC begins sending missing information emails to students if additional information is required. All students are

required to answer the Expected Enrollment Questionnaire each year. t if additional documents are needed. Starting in May:

Once the student’s file is complete, TTUHSC emails an award notice to the student. Students view award information online via WebRaider.

Student completes the Federal Direct Loan Application process for the year (only for students borrowing Federal Direct Loans).

Student completes Grad Plus/Alternative loan application (only for students borrowing one of these loans).10 days prior to the start of each semester:

Federal Direct Loan processing service electronically sends loan funds to the school. Financial aid funds (loans, grants, & scholarships) are posted to the student’s tuition account. The Student Business Services Office sends any refunds to student based on student’s refund preference in the following 3-

4 business days.

Page 6: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Short Term Loans

Emergency Tuition Loans are available at 5% interest for currently enrolled TTUHSC students.

Short Term Loans for up to $500 are also available to currently enrolled students for other types of emergencies. These loans have interest rates that range from 5% to 8%.

Both types of loans must be repaid within 90 days.

Applications are available at http://www.ttuhsc.edu/financialaid/shorttermloans.aspx.

Page 7: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Other Financial Aid Programs VA Benefits: The Veterans Affairs (VA) coordinator for TTUHSC is located in the

Registrar's Office and may be contacted at 806.743.2300.

Indian Health Service (IHS) Loan Repayment Program: Students may receive up to $20,000 per year toward the repayment of your qualified student loans in exchange for an initial two-year service obligation to practice full time at an Indian Health program site. http://www.ihs.gov/loanrepayment/

TTUHSC Rural and Community Health Student Programs: The F. Marie Hall Institute for Rural and Community Health offers several opportunities to assist students, who are interested in a career in rural Texas, with their health care education. http://www.ttuhsc.edu/ruralhealth/studentprograms.aspx

Page 8: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Web Resources

US Department of Education: www.studentaid.ed.gov

Direct Loan Information: www.studentloans.gov (Entrance Counseling and Master Promissory Notes are also completed on this site)

Student Guide to Financial Aid: www.finaid.org

National Student Loan Data System (NSLDS): www.nslds.ed.gov (keeps track of all your Federal/Direct student loan information)

Federal Student Aid Ombudsman: http://www.ombudsman.ed.gov/

Page 9: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

TTUHSC Contacts

Student Business Services – (806) 743-7867Questions regarding tuition & fees, billing statements, third party payments, and refunds

Registrar’s Office – (806) 743-2300Questions regarding registration, enrollment verification and deferments

Student Services – (806) 743-2300Questions regarding support services

Page 10: Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

TTUHSC Office of Financial Aid Academic Classroom Building Room 2C400

TTUHSC Office of Financial Aid3601 4th Street MS 8310

Lubbock, TX 79430-8310

(806) 743.3025 phone

(806) 743.3027 fax

Email: [email protected] or [email protected]

Website: www.ttuhsc.edu/financialaid

Office hours:Monday-Friday 8am-5pm

No appointment needed to see an advisor