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Financial Aid 2014-2015

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Page 1: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  Scholarships – State,

Financial Aid 2014-2015

Page 2: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  Scholarships – State,

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

Page 3: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  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 policy

Page 4: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  Scholarships – State,

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

Page 5: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  Scholarships – State,

Financial Aid ProcessYearly 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 accountsThe week before the start of each semester:• TTUHSC SBS Office sends any refunds to student based on student’s refund preference.

Page 6: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  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/

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

Page 7: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  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.

Page 8: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  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 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  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 disability services

Page 10: Financial Aid 2014-2015. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT have to be repaid  Scholarships – State,

Office of Financial Aid Academic Classroom Building Room 2C400

TTUHSC Office of Financial Aid3601 4th Street MS8310

Lubbock, TX 79430-8310

(806) 743.3025 phone

(806) 743.2304 fax

[email protected]/financialaid

Office hours:Monday-Friday 8am-5pm

No appointment needed to see an advisor