by our College Data Analytics TeamThe majority of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Texas Tech University Health Sciences Center can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial aid solutions can TTUHSC deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Texas Tech University Health Sciences Center.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, around 47% of undergraduates were awarded an average grant or scholarship of $6,113 (for some 645 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $6,113 |
| Federal Pell grants | 27% | $5,972 |
| Federal student loans | 43% | $7,835 |
The middle student in the debt distribution at TTUHSC owes $11,250 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,250 |
| Median federal debt (graduates only) | $12,268 |
| Typical 10-year monthly payment (graduates) | $130.06/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at TTUHSC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,656 |
| 25th percentile | $7,000 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $19,342 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,401 |
| Middle income | $12,500 |
| High income | $11,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,399 |
| Continuing-generation students | $11,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,033 |
| Independent students | $12,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at TTUHSC.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at TTUHSC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16994 |
| Total Stafford loan amount | $761,840,010 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 174 |
| Total GI Bill amount | $1,691,929 |
| Average GI Bill amount per recipient | $9,724 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $43,920 |
| Average DoD amount per recipient | $3,378 |
References
More about our data sources and methodologies.