Presentation is loading. Please wait.

Presentation is loading. Please wait.

Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,

Similar presentations


Presentation on theme: "Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,"— Presentation transcript:

1 Financial Aid 2015-2016

2 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

3 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 (SAP) policy  http://www.ttuhsc.edu/financialaid/eligibilityrequirements.aspx http://www.ttuhsc.edu/financialaid/eligibilityrequirements.aspx

4 Applying for Financial Aid  Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov www.fafsa.ed.gov  An FSA ID and password are required to complete and sign your application.  As of May 2015 the four digit PIN will no longer be used.  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  Please note – A FAFSA is required for scholarship consideration.

5 Financial Aid Process – Yearly Timeline *Each aid year starts with the summer semester and ends with the following spring semester. 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. Starting in March:  TTUHSC begins sending missing information emails to students if additional information is required. All students are required to answer the Expected Enrollment Questionnaire each year. t if additional documents are needed. Starting in May:  Once the student’s file is complete, TTUHSC emails an award notice to the student. Students view award information online via WebRaider.  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 to the student’s tuition account.  The Student Business Services Office sends any refunds to student based on student’s refund preference in the following 3- 4 business days.

6 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.http://www.ttuhsc.edu/financialaid/shorttermloans.aspx

7 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/ http://www.ihs.gov/loanrepayment/  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 http://www.ttuhsc.edu/ruralhealth/studentprograms.aspx

8 Web Resources US Department of Education: www.studentaid.ed.gov www.studentaid.ed.gov Direct Loan Information: www.studentloans.gov (Entrance Counseling and Master Promissory Notes are also completed on this site)www.studentloans.gov Student Guide to Financial Aid: www.finaid.orgwww.finaid.org National Student Loan Data System (NSLDS): www.nslds.ed.gov (keeps track of all your Federal/Direct student loan information)www.nslds.ed.gov Federal Student Aid Ombudsman: http://www.ombudsman.ed.gov/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 support services

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


Download ppt "Financial Aid 2015-2016. Types of Financial Aid  Grants – funds from Federal and State resources that DO NOT require repayment  Scholarships – State,"

Similar presentations


Ads by Google