Need cash for college? Let Texas Tech Federal Credit Union help you! We are partnering with Panhandle-Plains Higher Education Authority to offer educational loans for students and parents. Choose Texas Tech Federal Credit Union (Lender ID 829651) as your lender and you'll get the cash you need for college in a hurry.
- Interest rate reductions:
You can save up to 2.25% off your interest rate
>2.00% interest rate reduction after 36 months of on-time payments*
>.25% interest rate reduction when you pay with an automatic draft from your checking or savings account*
- Last $500 of loan balance is forgiven:
As a bonus, Panhandle-Plains will forgive the last $500 of your loan balance on Federal Family Education Loan Program (FFELP) loans and consolidated student loans.
- Zero fees on Stafford loans with first disbursements on or after April 1, 2006*:
We pay your student loan origination fees for you!*
Reminder:
You must be a member of the credit union to get a student loan. Don't worry - it's easy! Click here for information on how to join.
Application Process:
- Complete the Free Application for Federal Student Aid (FAFSA). You can obtain and complete the FAFSA online at www.fafsa.ed.gov.
- Contact the financial aid office at the school you plan to attend to obtain information concerning aid process. Click here for the Office of Student Financial Aid website for Texas Tech University. Click here for the Office of Student Financial Aid website for Texas Tech University Health Sciences Center.
- You will receive an award notification telling you what type of financial aid you have been awarded.
- Regarding Student Loans, our contact information is:
Texas Tech Federal Credit Union
PO Box 839
Canyon, TX 79015
>Click here for additional instructions on how to apply for student loans, regardless of the type for which you are eligible.
Types of Loans:
- Subsidized Stafford Loans – Loans are based on financial need. You will not be charged any interest before you begin repayment or during deferment. The federal government subsidizes the interest during these periods. Repayment is deferred until six months after student is no longer enrolled or drops below half time status.
- Unsubsidized Stafford Loans – Loans are not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. Repayment is deferred until six months after student is no longer enrolled or drops below half time status.
- PLUS (Parent Loans for Undergraduate Students) – Loans are made to parents, with approved credit. Parents may borrow the cost of education less other financial aid. Federal PLUS loans go into repayment immediately unless the borrower has an outstanding loan prior to 7/1/93.
If you need help, don't worry! Just call Panhandle-Plains Student Loan Center at (866) 358-453.
Helpful links:
*Incentive conditions subject to change without notice. |
