Funding your Education (2024)

Table of Contents
The Financial Aid Process 2024-2025 Free Application for Federal Student Aid (FAFSA) Update Federal Title IV Funds and Authorization Professional Circ*mstances Short Term/Emergency Tuition Loans Student Financial Aid Survey Information Student Orientation Presentations Scholarship Information Important Information Summer 2024 Disbursem*nts Fall 2024 Disbursem*nts Spring 2025 Disbursem*nts CARES Act Information FAQs

The Financial Aid Process

2024-2025 Free Application for Federal Student Aid (FAFSA) Update

There has been a lot of news surrounding the 2024-2025 FAFSA and we wanted to be sure you are informed with the latest and how it will impact you at TTUHSC.

STEP 1 – Student Applies for Financial Aid

  • First, we recommend eligible students submit the 2024-2025 FAFSA for the Summer 2024, Fall 2024 and Spring 2025 semesters. This is available to you now at www.studentaid.gov.

STEP 2 – Department of Education processes applications and sends data to schools

  • The Department of Education is expected to release FAFSA data to schools end of April.
  • While this is much later than previous years, this timeline is not currently expected to delay our normal award offer processing.

STEP 3 – TTUHSC processes FAFSA and offers financial aid to students

  • Please be aware that it can take our office 2-3 weeks to process initial FAFSA data and begin to offer financial aid (grants and/or loans) to eligible students.
  • If we must review or make changes to your FAFSA data, we will notify you by email. This includes any additional requirements or documents we may need to complete your FAFSA file.
  • During this time, you will need to check your WebRaider portal for any financial aid requirements. The sooner these are completed then the faster we can process your FAFSA and offer your aid.

STEP 4 – Students view/accept aid

  • Once we have processed your FAFSA and offered your financial aid, you can go to your WebRaider portal to view and accept or decline your aid.
  • Students enrolled in summer terms will need to do this ASAP so that their summer aid can help pay their bill and any eligible refunds can be processed.

If you have any questions, please don’t hesitate to contact our team at financial.aid@ttuhsc.edu.

Federal Title IV Funds and Authorization

Title IV funds are federal student financial aid funds. These funds are from federal programs administered by the U.S. Department of Education. The U.S. Department of Education regulations require schools use your Federal Student Aid to only pay for specific, current academic year institutional charges.
Allowable charges include:
  • Tuition
  • Mandatory fees
In compliance with these regulations, TTUHSC must obtain voluntary permission from the student to apply Federal Title IV financial aid funds to non-allowable charges.
Non-Allowable charges include:
  • Student health insurance (Authorizing the use of financial aid for non-allowable charges does not automatically sign you up for student health insurance)
  • Late fees
  • Library fines
  • Parking fines

What are Federal Title IV funds?

  • Direct Subsidized/Unsubsidized Loan
  • Direct PLUS Loan (Graduate and Parent Plus)
  • Federal Pell Grant
  • Federal SEOG Grant (Supplemental Educational Opportunity Grant)

Complete Title IV Authorization

To complete your Title IV Authorization, login to your TTUHSC WebRaider portal and access your HSC Student Financial Aid link. Access your current financial aid year awards and click the links for Title IV Authorization. Here, you will indicate if you authorization for your Federal Title IV financial aid funds to be used to other institutional charges. Your authorizationwill remain in effect for future terms unless you contact our office to make changes.

If you choose not to complete the authorization, the form questions will remain on your student awards portal, but will not prevent disbursem*nt of student financial aid funds. Your Title IV financial aid funds will only post to your allowable institutional charges. Student Business Services may issue you a refund of any remaining funds and they may issue a bill for any charges that could not be paid with your Title IV financial aid. Receiving a refund does not indicate that there are no pending charges on your account. For account inquiries check your Student Business Services Tuition bill via your WebRaider portal.

Please contact our office for any questions regarding Title IV Authorization.

Professional Circ*mstances

The 2024-2025 FAFSA is based on 2022 income information. We understand the past few years have been difficult and challenging for many of our students and their families. The 2022 income listed on your FAFSA may have changed or your family has different circ*mstances since 2021. As a result, your FAFSA data today for the 2024-2025 academic year may not accurately reflect your current circ*mstances.

If your income or family situationhas changed, we might be able to assist you through the Special Circ*mstances/Professional Judgment process. Learn more by visiting our Professional Judgment/Special Circ*mstances webpage

Short Term/Emergency Tuition Loans

Short term loans are offered to all students currently enrolled through the Texas Tech University Health Sciences Center, except those students who are within 30 days of their graduation date. The Emergency Tuition Loan is intended to pay the total cost of tuition and fees. Short Term Loans are also available to buy books and supplies, or for other living expenses. All types of loans have a maximum repayment termof 90 days. Short Term/Emergency Tuition Loans

Student Financial Aid Survey Information

Student Financial Aid Survey - Results and Information for Students

Student Orientation Presentations

  • Graduate School of Biomedical Sciences Financial Aid Orientation
  • School of Health Professions Financial Aid Orientation
  • School of Nursing Financial Aid Orientation
  • School of Medicine Financial Aid Orientation
  • Jerry H. Hodge School of Pharmacy Financial Aid Orientation
  • Julia Jones Matthews School of Population and Public Health Financial Aid Orientation
  • Future Healthcare Professionals
  • MSIV Orientation

Scholarship Information

  • Biomedical Sciences
  • School of Health Professions Scholarships
  • School of Medicine Scholarships
  • School of Nursing Scholarships
  • Jerry H. Hodge School of Pharmacy Scholarships
  • Julia Jones Matthews School of Population and Public Health
  • Employee's Dependent Scholarship

Important Information

CARES Act Information

Funding your Education (2024)

FAQs

How do you fund US education? ›

Paying for U.S. Education
  1. Personal/family savings.
  2. Educational loans.
  3. Funding from U.S. universities.
  4. Scholarships from external funding bodies.

Know More ›
Who qualifies for free tuition in NJ? ›

Adjusted Gross Incomes of $0–$65,000 may make a student eligible for free tuition and required fees after aid. Adjusted Gross Incomes of $65,001–$80,000 may make a student eligible for assistance, lowering the cost of tuition and required fees to no more than $7,500 after aid.

Tell Me More ›
Is FAFSA a loan or free money? ›

It is not the financial aid itself. However, the FAFSA enables the student to qualify for many types of financial aid from several sources. Some of this money is free money, some must be earned through work, and some must be repaid. There are three main types of financial aid.

Explore More ›
Who qualifies for financial aid in NJ? ›

Recipients must be legal residents of New Jersey and enroll at a New Jersey college or university as a full-time undergraduate. Financial need is not a factor in determining eligibility. Awards – After classes start, HESAA will send half of your total annual award to your college/university.

Get More Info Here ›
What are some ways to fund your education? ›

Grants, work-study, loans, and scholarships help make college or career school affordable.

Read More ›
How do I set up an education fund? ›

Step-by-step guide to opening a 529
  1. Select a plan. You'll have to choose between a savings plan or a prepaid plan. ...
  2. Choose a beneficiary. This will likely be your child — but remember, you can change the beneficiary at any time without penalty. ...
  3. Open the account. Most accounts can be opened online. ...
  4. Build your portfolio.
Jan 19, 2024

Discover More Details ›
What is the NJ tuition aid grant? ›

By helping students with demonstrated financial need pay for an undergraduate degree, TAG awards enable many students to attend college who otherwise would not be able to pursue higher education to advance their life and career goals.

Keep Reading ›
What is a New Jersey educational Opportunity Fund grant? ›

The New Jersey Educational Opportunity Fund (EOF) provides financial assistance and support services such as counseling, tutoring, and developmental coursework to New Jersey students from educationally and economically disadvantaged backgrounds when they attend participating institutions of higher education in the ...

Learn More Now ›
Do parents have to pay for college in NJ? ›

Divorced parents in New Jersey have an obligation to contribute to their children's college expenses. On the other hand, married parents in New Jersey do not have the same obligation. The case of Newburgh v. Arrigo provides a list of factors for a court to consider in assessing the obligation of the parents.

View Details ›
Do I pay back FAFSA grants? ›

Learn how to avoid scams. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circ*mstances.

Keep Reading ›

What are four types of financial aid? ›

Options include grants, loans, scholarships, and work-study. Visit Types of Financial Aid on the Federal Student Aid website. You will learn about funding you can get from the government, your school, and private sources including: Grants.

View More ›
How many years does FAFSA cover? ›

The amount of Federal Pell Grant funds you may receive over your lifetime is limited by federal law to be the equivalent of six years of Pell Grant funding.

Discover More Details ›
What income does not qualify for financial aid? ›

Did You Know? There is no income cut-off to qualify for federal student aid. Many factors—such as the size of your family and your year in school—are taken into account.

Read More ›
Who qualifies for NJ Dreamer? ›

Basic Eligibility Requirements

Graduated from a New Jersey high school or received the equivalent of a high school diploma in New Jersey. Are able to file an affidavit stating that you will file an application to legalize your immigration status or will file an application as soon you are eligible to do so.

Discover More ›
Whose income counts for FAFSA? ›

Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year.

Keep Reading ›
How is the US education system funded? ›

The largest source of funding for elementary and secondary education comes from state government aid, followed by local contributions (primarily property taxes).

Learn More Now ›
Can I get funding to study in America? ›

Your best resource for funding will be the university to which you are applying to. Many universities offer significant funding to international students - it pays to be flexible and open-minded about where you apply! US universities can offer several types of funding to international students.

Get More Info Here ›
Is American education free? ›

The U.S. is governed by federal, state, and local education policy. Education is compulsory for all children, but the age at which one can discontinue schooling varies by state and is from 14 to 18 years old. Free public education is typically provided from Kindergarten (ages 5 and 6) to 12th Grade (ages 17 and 18).

Get More Info ›
Does the US fund private schools? ›

Private School Funding Sources

Private schools receive no funding from government, so they have to get money from other sources. The primary source of funding for private schools is through tuition. Tuition is per student annually and varies extensively depending on the type of school and the quality of education.

View Details ›
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