Debt Management | Texas Tech University Health Sciences Center
TTUHSC students walking through Lubbock campus courtyard.

Make Informed Decisions About Your Future

The Texas Tech University Health Sciences Center Financial Aid Office is aware that most students must borrow loans to assist with funding their education. Although low-interest educational loans are made available to students, the fact is, that it is a loan and “loans must be repaid".

Over $50 million in loans are borrowed each year by students at TTUHSC. The average debt our student’s accumulate is below national averages but students still need sound debt management education to help with understanding their options for repayment of the loans.

It is the goal of the Financial Aid Office to help students make responsible decisions about borrowing and repayment of their loans and to provide the necessary tools to make informed and knowledgeable decisions about their future.  

Financial Fitness

The costs of higher education continue to increase and students must determine how they will finance their education and what funding resources are available to help them meet their goal. Through the Financial Aid Office, funding sources are limited to federal loan programs, institutional scholarships and limited state grant/scholarship funding.

Budgeting and Financial Management Resources

  • AAMC FIRST Program Financial literacy and loan management information
  • Annual Credit Report Obtain a free annual copy of your credit history from the three major US credit bureaus (Equifax, Experian and TransUnion)
  • Budget Tips Learn how to budget and manage your finances
  • Cost of Living Calculator Find estimated costs for rent, living and other expenses to help you establish a monthly budget while in school

Financial Counseling 

    • Federal Student Loan Entrance Counseling Entrance counseling ensures you understand the terms and conditions of your federal direct student loan and your rights and responsibilities. You'll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default.
    • Financial Aid Plus Credit Counseling PLUS Credit Counseling will help students and parents understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt. PLUS Credit Counseling is required if the U.S. Department of Education has informed you that you have an adverse credit history and you have obtained an endorser or documented extenuating circumstances to the satisfaction of the U.S. Department of Education
    • Federal Student Loan Exit Counseling  The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment.  You'll learn about what your federal student loan payments will look like after school. We'll recommend a repayment strategy that best suits your future plans and goals.