Texas Tech University

Policy and Procedure

Adjustments to Financial Aid

There are a variety of circumstances that may require an adjustment to your financial aid award. You should understand how dropping and adding courses, receiving other aid, or corrections on their FAFSA will impact your aid.

Code of Conduct for Title IV loans


Texas Tech University (TTU) participates in the William D. Ford Federal Direct Loan Program which includes the Direct Subsidized and Direct Unsubsidized Student Loans, the Direct Graduate PLUS Loan, and the Direct Parent PLUS Loan. To comply with the Higher Education Opportunity Act (HEOA), TTU adopts the following Student Loan Code of Conduct. It serves as the formal guiding principles in insuring the integrity of the student aid process and ethical conduct to TTU employees, in regard to student loan practices.

Consortium Agreements

A consortium agreement is a written agreement between two or more eligible schools and allows a student to receive financial aid funds based on hours enrolled at more than one institution in a semester.

Federal Aid Penalties for Drug Law Violations

A conviction for any offense under any federal or state law involving the possession or sale of illegal drugs, during a period of enrollment when receiving federal aid, will result in the loss of eligibility for any Title IV, HEA grant, loan, or work study assistance.

Withdrawal / Failure to Attend All Classes

Students begin earning Title IV funds on their first day of attendance. If you withdraw from all classes, financial aid eligibility will be recalculated based on the number of days you were enrolled. You may be required to repay funds to the Student Business Services. If your aid has not been disbursed, you may be eligible to receive a portion of the aid you have accepted.

Verification

Verification is the process required by the Department of Education to verify the accuracy of the information submitted by or on behalf of a student for the purpose of applying for financial aid. The purpose is to reduce errors in applicant reported data and to insure, to the maximum extent possible, eligible applicants receive the financial aid they are eligible for.

Satisfactory Academic Progress Requirements for Continued Aid Eligibility (SAP)

You must meet certain academic requirements to maintain eligibility for federal and state grants, work-study, loans and scholarships.

Repeated Coursework

Federal regulations impact your eligibility receive financial aid (federal and state) for repeated coursework. This policy applies to Undergraduate Students only.

Second Degree Programs

Students pursuing their second undergraduate degree are awarded based on federal requirements. Second degree students are not Pell Grant eligible and must be offered undergrad loan types and amounts. This policy applies to Undergraduate Students only.

Student Rights and Responsibilities

Students, who receive any form of financial aid, have certain rights and responsibilities. Students mustbe in a degree seeking programto be eligible to receive federal aid. Non-degree seeking students may apply for private loan funding. For a list of private lenders, click on Types of Aid, Private Education loans.