Finanaces

Fees

Texas Tech University reserves the right, without notice in this or any other publication, to change, amend, add to, or otherwise alter any or all fees, dues, rates, or other charges set forth herein by action of the Board of Regents of Texas Tech University, Texas State Legislature, or other authority as the case may be.

To enable students to estimate expenses at the time of entering the Law School, the following information is offered.

Each applicant accepted for admission must forward a $200 acceptance deposit. Tuition for first year students who are residents of Texas is $160 per semester hour. Students who are not residents of Texas must pay tuition of $329 per semester hour. All students will have additional expenses of approximately $1,040 in fees and $350-$425 for books and supplies in the fall semester. These additional fees and expenses will be slightly less in the spring. All entering students must pay at least one-half of their fall tuition and fees in June in order to hold their place in class. This payment will be approximately $1,700 for Texas residents and $3,000 for nonresidents.

Tuition and fees for long term semesters may be paid using one of the following options:

Option 1: Payment of total amount due;

Option 2: Payment of one-half of the amount due initially and one-fourth by the fourth week of the semester and one-fourth by the eighth week.

Tuition for summer terms must be paid in full.

Students who move to Texas after reaching the age of 18 are considered to be nonresidents unless they have resided in the state for other than educational purposes for a period of 12 months immediately preceding enrollment. Questions of residency status frequently arise concerning members of the Armed Forces assigned to duty in Texas and persons who have been Texas residents but have moved out of Texas for employment. Applicants in these and other circumstances involving questionable residency status should seek clarification of their status from the Law School.

Information on programs and costs for student health services, student insurance, recreational sports, and student parking is made available at orientation.

For more detailed information regarding residency, fees, veterans' exemptions from fees, refund policies, and loans, please see the current Undergraduate Catalog of the University.

Financial Assistance

Scholarships, loans, and a number of part time positions are available at the Law School and the University. The Law School recommends that students devote their entire time to the study of law. Students who are engaged in outside employment may be asked to withdraw from the school if the amount of time spent in outside employment is deemed excessive or appears to interfere with full-time study of law. Outside employment cannot exceed 20 hours per week. All accepted international students will have to provide documentation showing financial responsibility. Before an I-20 can be approved, accepted international students will have to show they will have access to $17,934. An approved I-20 is required before an international student can obtain a student visa. Financial aid is available only to those students that are citizens or permanent residents.

Financial Aid Application

All students must complete the Free Application for Federal Student Aid (FAFSA) as the initial step for federal and state financial aid. This application determines eligibility for all types of grants and loans available to assist students with their education. A copy of your 2001 1040 IRS tax form is needed to complete the requested information on the FAFSA. Complete instructions are provided in the FAFSA to assist the student. This form may be completed online at <www.fafsa.ed.gov>.

All students are required to complete an Institutional Application for Financial Aid (IAPP). This form provides additional information that is not collected on the FAFSA. Beginning with the 2001-02 school year, a student will indicate loan information (lender name and address, lender ID#, loan period, requested loan amount, and requested loan types) on the IAPP. Loan limits are provided in a chart on the back of the IAPP. This form may be completed online at <www.fina.ttu.edu>.

Student Loan Application

Applicants applying for Federal Student Loans, as part of their requested assistance package, must also complete an IAPP in addition to the FAFSA. The Stafford loan will be certified from the loan section (section E) of the IAPP. After the loan eligibility has been certified to the guarantee agency and the lender, a preprinted Stafford Loan Application and Master Promissory Note will be mailed to the student at the permanent address listed with Texas Tech University. The student will complete the reference information, sign, date, and send the application to the lender. The lender address will be provided on a cover letter that accompanies the application and promissory note. The promissory note is valid for a 10 year period of attendance at Texas Tech if the same lender is used during that time period.

·Interest rates for first-time borrowers is variable, currently 7.59% (Stafford loans have an interest cap of 8.25%. The interest rate is recalculated each July 1.) If students have previous student loans, the new loans will be at the previous loan's interest rate guidelines.

·Repayment begins 6 months after the has graduated or is no longer attending at least half-time as determined by the university.

·Before loan monies can be released, the student must:


Have completed an Entrance Loan Counseling Session <www.fina.ttu.edu>
Be enrolled at least 6 hours each semester
Be making satisfactory academic progress

·Loans are released in two disbursements--half in the fall and half in the spring. Loan monies will be released to pay tuition and fee charges once the student has met all eligibility requirements and funds have been received from the lender. Most loan funds are electronically applied to your tuition and fee account with any refund automatically mailed to your local address on file with Student Records. There are a few out-of-state lenders who disburse money via a paper check. These checks will be released in Student Business Services located in 163 Drane Hall. (First year students see Payment of Tuition and Fees below.)

·Processing fees (loan origination fee of 3%) are deducted from the loan before the money is disbursed from the lender.

The difference between the two types of loans is who pays the interest while the student is enrolled in school. For a student to qualify for a Subsidized Stafford loan, the student must demonstrate financial need based on the information submitted on the FAFSA. The federal government will pay the interest due the lender on the loan while the student is enrolled at least half time and during the grace period. The student begins paying interest on the loan after the 6-month grace period has ended.

If the information submitted on the FAFSA by the student does not demonstrate financial need or enough need for the student to borrow the full subsidized loan amount, the student can apply for an Unsubsidized Stafford loan. The interest on the unsubsidized loan is the responsibility of the student during the period of enrollment and grace period. The student has the option to pay the interest monthly or quarterly while enrolled or deferring the interest payments until repayment begins.

Maximum Aid Eligibility

Loan limits are for an academic year, August to August.
Grants will be adjusted if scholarships are received.
Grant funds are awarded first-come, first-served.

Law School awards will not be made for any student until scholarship awards are received and processed by the Financial Aid Office. The estimated start date of awards is July 1.

Summer Aid

Any student wishing to apply for summer financial aid must complete a Summer Supplement application. These applications are available in the spring. A separate budget is calculated based on which terms the student is attending. The amounts will vary based on the balance of the academic year loan eligibility that was not borrowed during the previous 9 month award period.

Cost of Education

The following budget is based on current tuition. Effective September 1, 2001, the Regents of Texas Tech University are authorized by law to consider increasing tuition from $160 an hour to $240 an hour. The budget is therefore subject to change.

The estimated Cost of Education for the 2001-02 school year (August­May) is as follows:

Loan fees ($300 for Subsidized Stafford and $100 for Unsubsidized Stafford) will be added to the student's cost of education based on the programs for which the student is eligible.

A student cannot receive grants, scholarships, and loans in excess of the cost of education, even if the academic year limits allowed on aid programs may be more than the cost of education.

Payment of Tuition and Fees

First year law students: you will have to make the first half of the tuition and fee payment around the first of June to secure your place in the entering class. There is NO financial aid or waiver of payment available for this payment. You will have to make this payment and reimburse yourself once you receive aid in the fall.

If you have been awarded a FULL SCHOLARSHIP, you are not required to make the first payment by the June deadline. the Law School Admissions Office must approve any exceptions.

Scholarships for Entering Students

The School of Law has more than eighty scholarships available for each entering class. Some scholarships are designed to promote academic excellence; others have been established to assist those in financial need. In awarding scholarships, the School of Law evaluates the student using the same factors as those considered in evaluating the application. These scholarships range in value from $1,000 to a full scholarship covering tuition and fees and providing a book allowance.

All academic scholarship recipients will be notified of their awards at the time of acceptance.

Scholarships for Advanced Students

Additional scholarships are available for students in their second or third year and these scholarships are awarded on the basis of academic performance and financial need. Applications from advanced students should be returned to the Law School by May 15.

Endowed Fellowships

George H. Mahon Fellowships (given by Litton Foundation)
John F. "Buddy" Maner Chancellor's Barrister Fellowship (given by Wayne Reaud '74, Beaumont)

Endowed Scholarships

John C. Akard Scholarship
Alvin R. Allison Scholarship
Durwood H. Bradley Scholarship (given by Mrs. Durwood H. Bradley, Lubbock)
Judge Lucius Bunton Scholarship
Robert Guy Carter Scholarship (given by Carter, Jones, Agnew & Kruka, formerly Carter, Jones, Magee, Rudberg & Mayes, Dallas)
R. Guy Carter Scholarship (given by the late R. Guy and Phyllis Carter, Dallas)
William C. Clark Scholarship (given by Mrs. J. C. Clark and David G. Clark, Lubbock)
Coleman-Hall Presidential Scholarship (given by Tom G. Hall '82, Ft. Worth)
Dax S. Cowart Scholarship (given by Martin B. Leewright '84, Denton)
Brad Crawford Memorial Scholarship (given by friends and family)
Crenshaw Memorial Scholarship (given by the Crenshaw family)
Faculty Opportunity Scholarship
First Graduating Class Scholarship
Tom and Lisa Hall Scholarship (given by Tom '82 and Lisa Hall, Ft. Worth)
Dr. Arthur G. Hansen Scholarship (given by Dr. Hansen and W. Stephen Rodgers '79, Bryan)
Richard W. Hemingway Scholarship (given by former students and friends)
Frank Junell Presidential Scholarship (given by the late Frank Junell, San Angelo, and sons Robert '77, San Angelo, and Dan '85, Austin)
John E. Krahmer Scholarship (given by the Texas Association of Bank Counsel)
Brian Loncar Presidential Scholarship
Owen W. McWhorter Scholarship
Owen W. McWhorter Tuition Scholarship (given by Lubbock Area Foundation, Inc.)
Joe H. Nagy Scholarship (given by the Nagy family)
G. Hobert and Aileen Hackney Nelson Scholarship (given by the Nelson family)
PNB Financial Scholarships for Texas Bank Lawyer Editor
Harold and Marilyn Phelan Presidential Scholarship (Lubbock)
W. R. Quilliam Scholarship (given by W. Reed Quilliam, Jr.)
W. Reed Quilliam Jr. Presidential Scholarships (given by Phil '71 and Ruth Adams and other friends of Prof. Quilliam)
Robertson/Atkins Scholarship (given by Barbara K. Runge '74 and Rusty Howard, Houston)
Travis Shelton Scholarship (given by Texas attorneys)
W. F. Shiver Scholarship (given by David E. and Larisa Shiver Keltner '86, Ft. Worth)
Edward R. and Jo Anne M. Smith Scholarship (Lubbock)
John H. Splawn, Jr. Memorial Presidential Scholarship (given by John '74 and Carolyn Simpson, Lubbock)
Curt F. Steib, Jr. Memorial Scholarship (given by the Steib family and friends)
Texas Bank Lawyer Editor Fellowship (given by Lubbock National Bank)
Texas Tech University Presidential Scholarship (given by the Law School Foundation trustees)
T. John and Cissy Ward Scholarship (given by Brown McCarroll, L.L.P., Houston)
W. D. Wilson Memorial Scholarship (given by the Wilson family)

Named Scholarships

Abilene Christian University Presidential Scholarship
Phil L. and Ruth Adams Scholarship
Angelo State University Presidential Scholarship
Austin College Presidential Scholarship
Fulbright & Jaworski Law Review Scholarship (Houston)
Hardin Simmons University Presidential Scholarship
Lamar University Presidential Scholarship (given by Beaumont attorneys Susan A. '84 and Jimmy D. '83 Hulett, Jr., Roger S. '95 and Sharon McCabe, and Mitchell A. Toups '83)
Lubbock Christian University Presidential Scholarship
MacLean & Boulware Scholarship (Cleburne)
McMurray University Presidential Scholarship
Midwestern State University Presidential Scholarship
Prairie View A&M University Presidential Scholarship
Scott, Hulse, Marshall, Feuille, Finger & Thurmond Law Review Scholarships (El Paso)
Stephen F. Austin State University Presidential Scholarship
Strasburger & Price Law Review Scholarship (Dallas)
Texas A&M University Presidential Scholarship
Texas Tech Law School Foundation Law Review Scholarship
Texas Wesleyan University Presidential Scholarship
Thompson & Knight Law Review Scholarship (Dallas)
University of Dallas Presidential Scholarship
University of Texas at El Paso Presidential Scholarship
University of Texas Pan American Presidential Scholarship
West Texas A&M University Presidential Scholarship

Other Scholarships

Judge E. H. & Hortense Boedeker Scholarship (given by the Lubbock Woman's Study Club Foundation)
Crenshaw, Dupree & Milam Scholarship (Lubbock)
El Paso Bar Auxiliary Scholarship
Gardere, Wynne & Sewell Scholarship (Dallas)
Gibson, Ochsner & Adkins Scholarship (Amarillo)
Richard Keen Scholarship (given by Richard Keen '77 Odessa)
Texas Tech Law School Alumni Association Scholarship
John E. Thomason Memorial Scholarship (given by William L. '73 and Martha Thomason, Anacortes, WA)

Loans

The Office of Student Financial Aid of the University administers numerous student loan funds to help students in paying their college-related expenses, including loan funds available solely to law students. To receive full consideration for all programs, a student should begin the financial aid process as soon as possible after January 1. Applications for financial aid are available in person at the Law School or by writing to the Director of Student Financial Aid, Texas Tech University, Box 5011, Lubbock, TX 79409.

The Law School also has several loan funds which provide short-term or emergency financial aid to law students. The following loan funds are available:

Alvin R. and Aletha Faye Allison Loan Fund
Judge Dan Blair Loan Fund
Josie Bubany Memorial Loan Fund
Hunt, Raschke, Robinson, and Weinstein Loan Fund
Judge Marvin Jones Loan Fund
Judge E. E. Jordan Loan Fund
Victor H. Lindsey Memorial Fund
Lubbock County Women Lawyers Loan Fund
Drew Simpson Memorial Fund
Texas Tech Law Review Scholarship and Loan Fund
E. Wayne Thode Memorial Loan Fund