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Financial Aid 2013-2014

Financial Aid 2013-2014. Types of Financial Aid Grants – funds from Federal and State resources that DO NOT have to be repaid Scholarships – State, Institutional, and Organizational funds that DO NOT have to be repaid Loans – Federal, State, and Private funds that DO have to be repaid.

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Financial Aid 2013-2014

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  1. Financial Aid 2013-2014

  2. Types of Financial Aid • Grants – funds from Federal and State resources that DO NOT have to be repaid • Scholarships – State, Institutional, and Organizational funds that DO NOT have to be repaid • Loans – Federal, State, and Private funds that DO have to be repaid

  3. Eligibility Requirements • To be eligible to receive financial aid you must be: • Admitted into a degree granting program • 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 Policy

  4. Applying for Financial Aid • Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov • A FAFSA PIN number will be required to complete and sign your application. The PIN may be retrieved from the PIN website, www.pin.ed.gov • 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

  5. Financial Aid Process • Yearly process: • Student completes Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov • TTUHSC receives FAFSA data from the Federal processor (typical processing time is 3-5 business days) • After data is received, the Financial Aid Office will send missing information emails to the student if additional documents are needed. Student returns those necessary documents to complete the financial aid file. • Once file is complete, the Financial Aid Office emails an award notice to the student. Students view award information online via WebRaider. The award offer outlines the programs and funding the student is eligible to receive and the steps for accepting financial aid. • 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 towards student’s tuition accounts • The week before the start of each semester: • TTUHSC SBS Office sends any refunds to student based on student’s refund preference.

  6. Other Financial Aid Programs • VA Benefits: The Veterans Affairs (VA) coordinator for TTUHSC is located in the Registrar's Officeand 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/ • Outstanding Rural Scholar Recognition Program (ORSRP): ORSRP is a competitive loan forgiveness program that assists rural communities in “growing their own” health care professionals. Nominees must be a Texas resident, nominated by an organization in a rural county of Texas and attend a college or university in Texas.http://www.texasagriculture.gov/GrantsServices/RuralEconomicDevelopment/StateOfficeofRuralHealth/LoanRepaymentandEducationAwards.aspx • 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

  7. 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. • Short Term Loan Application

  8. 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/

  9. TTUHSC Contacts Student Business Services – (806) 743-7867 Questions regarding tuition & fees, billing statements, third party payments, and refunds Registrar’s Office – (806) 743-2300 Questions regarding registration, enrollment verification and deferments Student Services – (806) 743-2300 Questions regarding disability services

  10. Office of Financial Aid Academic Classroom Building Room 2C400 TTUHSC Office of Financial Aid 3601 4th Street MS8310 Lubbock, TX 79430-8310 (806) 743.3025 phone (806) 743.3027 fax financial.aid@ttuhsc.edu www.ttuhsc.edu/financialaid Office hours: Monday-Friday 8am-5pm No appointment needed to see an advisor

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