Texas Tech University

Refund and Payments

After all university charges are paid, the balance of your financial aid funds will be issued either in the form of a check mailed to you by Texas Tech University, or through Automatic Check Deposit (ACH). Please contact Student Business Services (SBS) at (806) 742-3272 or visit their website for information regarding the necessary forms and information for direct deposit authorization.

Refund Policy

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
  • Have a credit balance after application of waivers/exemptions

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

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.

Direct Deposit

Instructions for setting up a direct deposit are available on the Student Business Services website at https://www.depts.ttu.edu/studentbusinessservices/refund/refund.php.


Please visit Student Business Services for how-to guides and videos on enrolling and paying for your tuition online.

Book Loans

Book loans are available each semester. The maximum amount for fall and spring terms is $500.00. The maximum available for Summer terms is $200.00 per session.

Students may apply for a book loan online at sbsbookloans.ttu.edu.