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:
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
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
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.
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.
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
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
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/
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
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 firstname.lastname@example.orgTeresa.Diaz@email@example.com Website: www.ttuhsc.edu/financialaidwww.ttuhsc.edu/financialaid Office hours: Monday-Friday 8am-5pm No appointment needed to see an advisor