Texas Tech University

COMMON DATA SET 2016-2017

H. FINANCIAL AID

  Aid Awarded to Enrolled Undergraduates    
Enter total dollar amounts awarded to enrolled full-time and less than full-time degree-seeking undergraduates (using the same cohort reported in CDS Question B1, "total degree-seeking" undergraduates) in the following categories. (Note: If the data being reported are final figures for the 2015-2016 academic year (see the next item below), use the 2015-2016 academic year's CDS Question B1 cohort.) Include aid awarded to international students (i.e., those not qualifying for federal aid). Aid that is non-need-based but that was used to meet need should be reported in the need-based aid columns. (For a suggested order of precedence in assigning categories of aid to cover need, see the entry for "non-need-based scholarship or grant aid"on the last page of the definitions section.)
H1   2016-2017 
estimated
2015-2016
final
          X
H1 Indicate the academic year for which data are reported for items H1, H2, H2A, and H6 below:    
           
H3 Which needs-analysis methodology does your institution use in awarding institutional aid?
H3 Federal methodology (FM) X    
H3 Institutional methodology (IM)      
H3 Both FM and IM      
           
H1   Need-based
$
(Include non-need-based aid used to meet need.)
Non-need-based $(Exclude non-need-based aid used to meet need.)
H1 Scholarships/Grants
H1 Federal $33,406,034 $0
H1 State (i.e., all states, not only the state in which your institution is located) $19,311,699 $0
H1 Institutional: Endowed scholarships, annual gifts and tuition funded grants, awarded by the college, excluding athletic aid and tuition waivers (which are reported below). $24,623,456 $10,717,954
H1 Scholarships/grants from external sources (e.g., Kiwanis, National Merit) not awarded by the college $9,207,091 $3,123,671
H1 Total Scholarships/Grants $86,548,280 $13,841,625
H1 Self-Help
H1 Student loans from all sources (excluding parent loans) $95,978,720 $24,655,175
H1 Federal Work-Study $820,836  
H1 State and other (e.g., institutional) work-study/employment
(Note: Excludes Federal Work-Study captured above.)
$0 $0
H1 Total Self-Help $96,799,556 $24,655,175
H1 Other
H1 Parent Loans $16,338,654 $5,662,023
H1 Tuition Waivers Reporting is optional. Report tuition waivers in this row if you choose to report them. Do not report tuition waivers elsewhere.    
H1 Athletic Awards $2,717,063 $2,929,916
           
H2 Number of Enrolled Students Awarded Aid:  List the number of degree-seeking full-time and less-than-full-ti me undergraduates who applied for and were awarded financial aid from any source. Aid that is non-need-based but that was used to meet need should be counted as need-based aid. Numbers should reflect the cohort  awarded the dollars reported in H1.  Note:  In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.
H2     First-time
Full-time
Freshmen
Full-time
Undergraduate
(Incl. Fresh.)
Less Than
Full-time
Undergraduate
H2 a) Number of degree-seeking undergraduate students (CDS Item B1 if reporting on Fall 2016 cohort) 5,079 26,121 3,116
H2 b) Number of students in line a who applied for need-based financial aid 3,347 12,542 1,255
H2 c) Number of students in line b who were determined to have financial need 2,454 10,380 1,082
H2 d) Number of students in line c who were awarded any financial aid 2,454 10,380 1,082
H2 e) Number of students in line d who were awarded any need-based scholarship or grant aid 2,175 8,877 877
H2 f) Number of students in line d who were awarded any need-based self-help aid 1,719 8,592 925
H2 g) Number of students in line d who were awarded any non-need-based scholarship or grant aid 1,334 2,987 104
H2 h) Number of students in line d whose need was fully met (exclude PLUS loans, unsubsidized loans, and private alternative loans) 419 718 16
H2 i) On average, the percentage of need that was met of students who were awarded any need-based aid. Exclude any aid that was awarded in excess of need as well as any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) 70.3% 68.1% 56.4%
H2 j) The average financial aid package of those in line d.Exclude any resources that were awarded to replace EFC (PLUS loans, unsubsidized loans, and private alternative loans) $14,173 $14,932 $10,742
H2 k) Average need-based scholarship and grant award of those in line e $8,411 $7,579 $4,211
H2 l) Average need-based self-help award (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in linef $2,152 $2,565 $2,240
H2 m) Average need-based loan (excluding PLUS loans, unsubsidized loans, and private alternative loans) of those in line f who were awarded a need-based loan $4,708 $5,338 $4,370
           
H2A Number of Enrolled Students Awarded Non-need-based Scholarships and Grants:  List the number of degree-seeking full-time and less-than-full-time undergraduates who had no financial need and who were awarded institutional non-need-based scholarship or grant aid. Numbers should reflect the cohort awarded the dollars reported in H1.  Note:  In the chart below, students may be counted in more than one row, and full-time freshmen should also be counted as full-time undergraduates.
H2A     First-time
Full-time
Freshmen
Full-time
Undergrad
(Incl. Fresh.)
Less Than
Full-time
Undergrad
H2A n) Number of students in line a who had no financial need and who were awarded institutional non-
need-based scholarship or grant aid (exclude those who were awarded athletic awards and
tuition benefits)
731 2,245 86
H2A o) Average dollar amount of institutional non-need-based scholarship and grant aid awarded to students in
line n
$3,709 $3,495 $1,882
H2A p) Number of students in line a who were awarded an institutional non-need-based athletic scholarsh
ip or grant
46 123 6
H2A q) Average dollar amount of institutional non-need-based athletic scholarships and grants awarded to students
in line p
$15,489 $17,698 $6,755
           
H3 Incorporated into H1 above.      
    Note: These are the graduates and loan types to include and exclude in order to fill out CDS H4, H4a, H5, and H5a.
    Include:   * 2016 undergraduate class: all students who started at your institution as first- time students and received a bachelor's degree between July 1, 2015 and June 30, 2016.  * only loans made to students who borrowed while enrolled at your institution.  * co-signed loans.      
    Exclude:   * students who transferred in.
  * money borrowed at other institutions.
  * parent loans.
  * students who did not graduate or who graduated with another degree or certificate (but no bachelor's degree).
     
           
H4 Provide the number of students in the 2016 undergraduate class who started at your institution as first-time students and received a bachelor's degree between July 1, 2015 and June 30, 2016. Exclude students who transferred into your institution. 2,854
     
H5 Number and percent of students in class (defined in H4 above) borrowing from federal, non-federal, and any loan sources, and the average (or mean) amount borrowed. NOTE: The "Average per-undergraduate-borrower cumulative principal borrowed,* is designed to provide better information about student borrowing from federal and nonfederal (institutional, state, and commercial) sources. The numbers, percentages, and averages for each row should be based only on the loan source specified for the particular row. For example, the federal loans average(row b)should only be the cumulative average of federal loans and the private loans average(row e)should only be the cumulative average of private loans.  
H5 a) Any loan program: Federal Perkins, Federal Stafford Subsidized and Unsubsidized, institutional, state, private loans that your institution is aware of, etc. Include both Federal Direct Student Loans and Federal Family Education Loans. 1,541 54.00% $36,224
H5 b) Federal loan programs: Federal Perkins, Federal Stafford Subsidized and Unsubsidized. Include both Federal Direct Student Loans and Federal Family Education Loans. 1,495 52.00% $29,402
H5 c) Institutional loan programs. 0 0.00% $0
H5 d) State loan programs 212 7.00% $27,546
H5 e) Private alternative loans made by a bank or lender. 274 10.00% $21,941
           
           
  Aid to Undergraduate Degree-seeking Nonresident Aliens  (Note: Report numbers and dollar amounts for the same academic year checked in item H1.)
H6 Indicate your institution's policy regarding institutional scholarship and grant aid for undergraduate degree-seeking nonresident aliens:
H6 Institutional need-based scholarship or grant aid is available X  
H6 Institutional non-need-based scholarship or grant aid is available X  
H6 Institutional scholarship or grant aid is not available    
H6 If institutional financial aid is available for undergraduate degree-seeking nonresident aliens, provide the number of undergraduate degree-seeking nonresident aliens who were awarded need-based or non-need-based aid:  258
H6 Average dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens:  $4,042
H6 Total dollar amount of institutional financial aid awarded to undergraduate degree-seeking nonresident aliens:   $1,042,854
           
H7 Check off all financial aid forms nonresident alien first-year financial aid applicants must submit:
H7 Institution's own financial aid form    
H7 CSS/Financial Aid PROFILE    
H7 International Student's Financial Aid Application X  
H7 International Student's Certification of Finances X  
H7 Other (specify): X  
  FAFSA with proper documentation of alien status    
  Process for First-Year/Freshman Students    
           
H8 Check off all financial aid forms domestic first-year (freshman) financial aid applicants must submit:
H8 FAFSA X  
H8 Institution's own financial aid form    
H8 CSS/Financial Aid PROFILE    
H8 State aid form    
H8 Noncustodial PROFILE    
H8 Business/Farm Supplement    
H8 Other (specify):    
       
H9 Indicate filing dates for first-year (freshman) students:
H9 Priority date for filing required financial aid forms:   3/15
H9 Deadline for filing required financial aid forms:    
H9 No deadline for filing required forms (applications processed on a rolling basis):    
           
H10 Indicate notification dates for first-year (freshman) students (answer a or b):
H10 a) Students notified on or about (date):     
H10   Yes No  
H10 b) Students notified on a rolling basis: X    
H10   If yes, starting date:      
           
H11 Indicate reply dates:      
H11 Students must reply by (date):       
H11 or within _______ weeks of notification. 2    
           
  Types of Aid Available      
  Please check off all types of aid available to undergraduates at your institution:  
H12 Loans      
H12 FEDERAL DIRECT STUDENT LOAN PROGRAM (DIRECT LOAN)    
H12 Direct Subsidized Stafford Loans X  
H12 Direct Unsubsidized Stafford Loans X  
H12 Direct PLUS Loans X  
           
H12 Federal Perkins Loans X  
H12 Federal Nursing Loans    
H12 State Loans X  
H12 College/university loans from institutional funds X  
H12 Other (specify):
Private Loans
X  
       
H13 Scholarships and Grants      
H13 NEED-BASED:      
H13 Federal Pell X  
H13 SEOG X  
H13 State scholarships/grants X  
H13 Private scholarships X  
H13 College/university scholarship or grant aid from institutional funds X  
H13 United Negro College Fund                 
H13 Federal Nursing Scholarship    
H13 Other (specify):    
       
H14 Check off criteria used in awarding institutional aid. Check all that apply. 
H14   Non-Need Based Need-Based  
H14 Academics X X  
H14 Alumni affiliation      
H14 Art X    
H14 Athletics X    
H14 Job skills X    
H14 ROTC X    
H14 Leadership X X  
H14 Minority status      
H14 Music/drama X X  
H14 Religious affiliation      
H14 State/district residency   X  
           
H15 If your institution has recently implemented any major financial aid policy, program, or initiative to make your institution more affordable to incoming students such as replacing loans with grants, or waiving costs for families below a certain income level please provide details below:   
H15 In an effort to increase access to higher education, Texas Tech University implemented the Red Raider Guarantee program to guarantee free tuition and mandatory fees up to 15 credit hours per semester to new entering freshman who are Texas residents, enrolled full-time with family adjusted gross incomes that do not exceed $40,000.

Eligible students who complete and submit the Free Application for Federal Student aid (FAFSA) BEFORE March 15 are guaranteed to receive funds based on available state and federal allocations. Any applications received after March 15 will be awarded based on available funding. Students may qualify for the program for up to eight (8) semesters of full-time enrollment. Under this program, tuition and mandatory fees will be paid by a combination of federal, state, and institutional funds.
 
 
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