New Student Orientation
"Explore types of financial aid offered, eligibility requirements, application process, and yearly timeline for financial aid at Texas Tech Health Sciences Center. From grants and scholarships to loans, learn how to apply and manage your financial assistance efficiently and effectively."
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Presentation Transcript
New Student Orientation Financial Aid 2017-2018
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
General Eligibility Requirements Fully admitted into a degree granting program Provisionally admitted and post-master s students are ineligible for financial aid Levelling students within the School of Health Professions may receive student loans only. Enrolled at least half-time Undergraduates: 6 hours for summer, fall, and spring Graduates: 3 hours for summer and 5 hours for fall/spring A U.S. Citizen, Permanent Resident, or other eligible non- citizen In compliance with the TTUHSC Satisfactory Academic Progress (SAP) policy http://www.ttuhsc.edu/financialaid/eligibilityrequirements.asp x
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. The school code for Texas Tech Health Sciences Center is: 016024 **(We are NOT Texas Tech University. The correct school code must be listed on your FAFSA for our office to receive the data.) Apply for scholarships separately through your school.
Financial Aid Process Yearly Timeline *Each aid year starts with the summer semester and ends with the following spring semester. *NEW* Prior-Prior Year The 2017-2018 FAFSA will be available to students in October of 2016. This FAFSA will use data from the prior, prior income tax year. 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. TTUHSC begins emailing students if additional information is required. All students must complete the Expected Enrollment Questionnaire. Starting in May: Once the student s file is complete, an award notice is emailed to the student. Students view/accept awards online via WebRaider. For students borrowing a federal Direct Loan, the loan process is completed for the year. For students borrowing a Plus loan/Private loan, a loan application is submitted. 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 in the following 3-4 business days.
Financial Aid Process Yearly Timeline *Each aid year starts with the summer semester and ends with the following spring semester. Each Year: Complete the 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 of each year: TTUHSC begins emailing students if additional information is required. All students must complete the Expected Enrollment Questionnaire. Once the student s file is complete, an award notice is emailed to the student. Students view/accept awards online via WebRaider. For New TTUHSC students borrowing a federal Direct Loan, complete entrance counseling and the MPN online at www.studentloans.gov. 10 days prior to the start of each semester: TTUHSC receives financial aid funds (loans, grants, & scholarships) and posts them to the student s tuition account. The Student Business Services Office sends any refunds to student in the following 3-4 business days.
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.
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) National Student Loan Data System (NSLDS): www.nslds.ed.gov (keeps track of all your Federal/Direct student loan information) Federal Student Aid Ombudsman: https://studentaid.ed.gov/sa/repay- loans/disputes/prepare/contact-ombudsman
TTUHSC Office of Financial Aid (Academic Classroom Building Room 2C400) 3601 4th Street MS 8310 Lubbock, TX 79430-8310 Phone: (806) 743.3025 Fax:(806) 743.3027 Undergraduate Students: Lena.Hooker@ttuhsc.edu or financial.aid@ttuhsc.edu Graduate Students: Lena.Hooker@ttuhsc.edu or financial.aid@ttuhsc.edu Website: www.ttuhsc.edu/financialaid Office hours: Monday-Friday 8am-5pm No appointment needed to see an advisor
