Tax Compliance & Reporting

Refund Process

Refund Policy

At some point in your college career, Texas Tech may owe you money if you:

  • Have money left over from financial aid
  • Receive a scholarship
  • Overpay tuition
  • Drop a class or a class is cancelled

To expedite refund availability, students are encouraged to go to www.raiderlink.ttu.edu to enroll in My Direct Deposit to receive funds electronically (ACH) instead of by check in the mail. Students must have an active local or mailing address in the TTU system for any refund (ACH or check) to be issued. It is the student’s responsibility to maintain a correct active address with TTU to ensure receipt of payments from TTU.

Financial aid or general refunds cannot be used to pay for more than $200.00 of a past academic year balance that may be outstanding. Any refunds may be held until all previous balances are paid in full.

Parent Refunds

Parent Plus loan refunds will be mailed to the parent address that is on the file with the office of Student Financial Aid unless the parent designates on the loan application for refunds to be issued to the student. ACH is not available for Parent Plus refunds to the parent.

Steps to set up Direct Deposit:

  • You must have a current address on file to receive any payments from TTU.
  • Sign in to raiderlink.ttu.edu with your eRaider to update your address or bank information
  • Update your banking information at the My Direct Deposit link under Student Business Services
  • Your address on file will show directly below your name
  • To change your address, close out of My Direct Deposit and go back on Raiderlink and select Update Addresses and Phones under Personal Information—Return to My Direct Deposit by clicking the link from Raiderlink
  • An error will appear if the Bank Routing number is invalid
  • Click Save
  • Click eRaider Sign Out, Log out of raiderlink and close your browser
  • ACH verification will take up to 4 days after this initial sign up before refunds can be processed You can update or inactivate your ACH account information at any time.