Disclaimer

The Office of Student Financial Aid at Texas Tech University is committed to providing educational funding options to students and parents to fulfill student’s goals and dreams.

• Alternative Educational Loans should only be considered once borrowers have explored the lower interest rate options available through the Stafford and/or Parent PLUS loan programs.
• Alternative Educational Loans provide additional educational funding options but generally have higher, variable interest rates as well as different repayment terms and options. Potential borrowers should carefully compare all loan terms and conditions. 

Federal Family Education Loan Update

The student loan industry has experienced quite a few changes in the last year. Several lenders have made the decision to change their participation in one or more loan programs for various reasons. The levels of participation may vary from temporarily suspending to permanently exiting one or more loan programs (Stafford, PLUS, Consolidation and/or Alternative lending). Students and parents may obtain additional information regarding changes in the student loan industry, lender participation and updates at FinAid.org (FinAid.org). The Office of Student Financial Aid wants assure you that we remain committed to assisting you with your educational loan needs and continue to provide borrowers with as many choices as possible.