financial aid 2014-2015. types of financial aid grants – funds from federal and state resources...
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Financial Aid 2014-2015
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
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
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
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.
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
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.
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/
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
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