New Student Orientation Financial Aid 2019-2020

New Student Orientation Financial Aid 2019-2020

Types of Financial Aid Grants – funds from Federal and State resources that DO NOT require repayment Loans – Federal, State, and Private funds that DO require repayment Scholarships – State, Institutional, and Organizational funds that DO NOT require repayment Most SON Scholarships require a FAFSA application on file

General Eligibility Requirements Fully admitted into a degree granting program Provisionally admitted and post-master’s students are ineligible for financial aid 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/financial-aid/eligibility.aspx

Applying for Financial Aid Complete the Free Application for Federal Student Aid (FAFSA) at https://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. 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

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%. Book Loans are available at 5% interest for up to the cost of the required books with documentation and receipts. All 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)

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: [email protected] or [email protected] Graduate Students: [email protected] or [email protected] Website: www.ttuhsc.edu/financialaid Office hours: Monday-Friday 8am-5pm No appointment needed to see an advisor