Texas Tech University Counselor Update 2005

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Financial Aid
Our Mission Statement "The Office of Student
Financial Aid provides financial assistance to
students who, without such assistance, would not
be able to pursue higher education."
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What is Financial Aid?

• Scholarships
• Grants
• Loans
• Employment Opportunities

3
Cost of Attendance

• Tuition and fees
• Room and board
• Books supplies equipment transportation and
  miscellaneous personal expenses
• Loan fees
• Study abroad costs
• Dependent care expenses
• Expenses related to a disability
• Expenses for cooperative education program

4
Direct Cost of Attendance

• For 2005-2006, Texas Techs cost of attendance
  for the year (Fall/Spring) is
• 6,452 Tuition/Fees
• 6,506 Room Board
• 845 Books
• 13,803 TOTAL

5
Independent Student Definition

• Born before January 1, 1983
• Graduate or professional student
• Married
• Has legal dependents other than a spouse
• Orphan or ward of the court
• Veteran of the U.S. Armed Forces

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Financial Aid

• Applying for Financial Aid
• Register for a Department of Education PIN
• www.pin.ed.gov
• Complete the FAFSA
• www.fafsa.ed.gov
• Remember, the FAFSA is FREE! If it costs money to
  get something for FREE, its probably not worth
  it!
• Remember to include Texas Techs School Code
  (003644) on the form
• Check Raider Aid for your status

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Financial Aid

• Priority Dates
• Fall April 15th
• Spring October 1st Summer March 1st
• Applications completed after these dates will
  be
• considered, but no guarantee can be given
  that the
• funds will be available when needed.

8
TTU Scholarships

• Merit (through the Honors College)
• No application required
• University
• Through Student Financial Aid
• Apply through State Common Application
• College/Departments
• Available on department websites

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Merit-Based Scholarships

• Academic Qualifications Amount of Award
• National Merit Finalist 63,500/5 years
• 1400 or 31, top 10 20,000/5 years
• 1300 or 29, top 10 12,500/5 years
• 1250 or 28, top 10 6,000/4 years
• 1200 or 26, top 10 4,000/4 years
• Must be admitted by April 15th
• Must accept or decline by May 1st

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University Scholarships

• All Scholarship applications for prospective
  students must be received by February 1st
• www.applytexas.org
• Complete the Texas Commons Application
• Create a scholarship application link
• Complete the required materials and submit to
  Texas Tech

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Private Scholarships

• Private Scholarship Searches
• www.collegeboard.com/pay
• www.fastweb.com
• www.srnexpress.com
• Other Online Resources
• www.collegefortexans.com

12
Pell Grant

• Pell Grant
• For eligible undergrads
• pursuing first bachelors degree
• Award amount based on
• Cost of Attendance
• Expected Family Contribution (EFC)
• Enrollment Status

13
Texas Grant

• Who is eligible for a Texas Grant?
• Students who
• Are Texas residents
• Completed the Recommended or Distinguished
  achievement high school curriculum
• Has financial need, and an expected family
  contribution (EFC) of no more than 4,000
• Enroll ¾ time or more in an undergraduate degree
  program
• Has not been convicted of a felony or a crime
  involving a controlled substance
• Texas Grant funding is limited.
• Not all eligible students will receive Texas
  Grant funds.

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Loans

• Stafford Loans
• Parent PLUS
• Alternative
• Texas B-On-Time

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Texas B-On-Time

• Texas resident, Graduated 2002-2003 academic year
  or later under the recommended high school
  program from public or accredited private high
  school in Texas or received an associate's degree
  from an eligible institution no earlier than May
  1, 2005
• Has not earned a bachelor's degree
• Enrolled full time in an undergraduate degree or
  certificate program at an eligible institution
• Has completed a FAFSA and is eligible to receive
  federal financial aid

As funding for the Texas B-On-Time Loan Program
is limited, priority will be given to students
who are eligible for TEXAS Grants but are not
receiving a TEXAS Grant due to a shortage of
funding in that program.
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Contact

• For additional Financial Aid information at Texas
  Tech University, please contact
• www.financialaid.ttu.edu
• 806.742.3681
• finaid.advisor_at_ttu.edu

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Q A