Need Cash For College?
The Alumni Association offers financial loans to help send your children to college.
At this time of year, you have many decisions to make in regards to sending your child to college. How to pay for a college education is likely at the top of that list. The Texas Tech Alumni Association would like to help you fund your child’s education by offering the chance to apply for financial aid through the Texas Tech Alumni Association. Not only does this loan offer you the best deal, it also is a way to give money back to Texas Tech.
When you receive a Texas Tech Alumni Association loan, the Alumni Association earns a portion of that loan amount. Those earnings are put back into student scholarships, which might make it easier for your child to receive a Texas Tech Alumni Association scholarship in the future.
Another benefit of selecting the Texas Tech Alumni Association loan is that it’s a ZERO FEE LOAN. This is a unique arrangement that allows the student to receive 100 percent of their loan amount.
The federal government requires 3 percent of the loan amount to be used to pay fees. The other loan vendors on campus have chosen to penalize the students by taking that 3 percent out of the money given to the students. At the Texas Tech Alumni Association, we want to make it easier for you to pay for college, so we will pay the federal government fees for you and allow you to collect 100 percent of your loan.
After graduation, we continue to offer you the industry’s best payment incentives and bonuses. If you choose to pay with an automatic draft from your checking or savings account, you will receive a 0.25 percent interest rate reduction. Also, after 36 months of on-time payments, you will receive a 2 percent interest rate reduction. As a bonus, we will forgive up to the last $500 of your account balance with qualified, on-time payments during the life of the loan.
Even though this is the Texas Tech Alumni Association loan, students can use it at ANY college or university in the country, and at the same time, help fund scholarships here at Texas Tech.
For more information about the Texas Tech Alumni Association loan, please call 866.358.4537 and reference the Texas Tech Alumni Association lender code #834314.
We hope you see the numerous benefits of applying for a Texas Tech Alumni Association loan. This product is truly the best on the Texas Tech campus for both your family and the university. We look forward to a meaningful relationship with you now and in the future.
Texas Tech Alumni Association lender code: #834314.
To apply for the Texas Tech Alumni Association Loan:
- Complete the Free Application for Federal Student Aid (FAFSA) form. The form is available from any college financial aid office, a high school counselor’s office or on the Internet at www.fafsa.ed.gov.
- Contact the financial aid office at the school you plan to attend to get a financial aid packet. Complete all the forms and return them according to the instructions. You will receive an award letter telling you what type of financial aid you will receive. In some cases, you will receive a Stafford and/or Parent Loan (PLUS or Graduate PLUS) application. If not, obtain the desired application form from the college. This procedure depends on the college you choose, so check with the Financial Aid Office.
On the loan application or any other form that requests lender information write:
Texas Tech Alumni Association
P.O. Box 839
Canyon TX 79015
Lender code: #834314
Texas Tech Alumni Association loans are serviced in Canyon, Texas, by student loan servicing specialists.