Grants, Loans, and Financing Options

Grants (Federal, State, and Institutional)

  • Awarded based the completed FAFSA, and the student’s calculated need.
  • Some additional requirements may exist for certain grant types. Office of Financial Aid will award all eligible students any grant amount that they may qualify for.
  • For qualifying students, Texas Tech offers the Red Raider Guarantee

Stafford Loan

  • Awarded based on FAFSA data, calculated need, and student’s grade classification
  • Annual and aggregate loan limits will apply. Please visit the Department of Education, Student Financial Aid portal for more Stafford loan information
  • To receive loan funds, students must e-sign their Master Promissory Note (MPN). Students can access Loans by Web to complete the loan process via their RaiderAid.
  • Texas Tech evaluates participating Stafford loan lenders based on criteria relevant to our students. For more information on lender selection, you may view our criteria.

Parent Plus Loan

  • Available for dependent undergraduate students only
  • Borrower initiated (Parent applies directly through lender of choice)
  • FAFSA is recommended, however if you will not be completing the FAFSA, please send notification to Student Financial Aid.
  • Please visit the official U.S. Department of Education site for additional PLUS loan information .

More Loan

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