School of Medicine Financial Aid
Financial aid can help eligible Paul L. Foster School of Medicine students pay educational expenses. Review the application steps, current cost information, federal loan requirements and disbursement schedule before classes begin.
Start Here
- Complete the Free Application for Federal Student Aid (FAFSA) for the correct academic year.
- Use Texas Tech Health El Paso school code 042808.
- Monitor your Texas Tech Health El Paso email and WebRaider for requested documents, award information and account updates.
- Complete any required federal loan documents before the term begins.
Estimated Costs
Cost of attendance is used to determine financial aid eligibility and may include estimated educational and living expenses. Actual charges and personal expenses may differ. Review the current official tuition and fee estimate before making financial decisions.
Federal Student Loans
Eligible medical students may qualify for a Federal Direct Unsubsidized Loan. The annual limit is generally $20,500, although the amount offered may be lower based on federal requirements, prior borrowing and the student’s financial aid eligibility. Some eligible students may also apply for a Direct PLUS Loan for graduate or professional students.
- Direct Unsubsidized Loan information
- Direct PLUS Loans for graduate or professional students
- MedLoans Organizer and Calculator
Financial Aid Disbursement Dates: 2026–2027
Disbursement is the date financial aid is scheduled to begin applying to eligible student accounts. It is not necessarily the date a student will receive a refund.
| Program | Fall 2026 | Spring 2027 |
|---|---|---|
| MS1 | ||
| MS2 | ||
| MS3 | ||
| MS4 |
Before Aid Can Be Disbursed
- Complete all financial aid requirements and resolve account holds.
- Meet satisfactory academic progress requirements.
- Be enrolled at least half-time to receive federal student loans.
- Review your enrollment carefully. A reduction in enrolled hours may change your aid and may create a balance due.
Student Business Services processes eligible refunds after aid has posted and institutional charges have been paid. Review your student account in WebRaider for the current status.
Federal Student Loan Requirements
First-time federal Direct Loan borrowers must complete entrance counseling and a Master Promissory Note. Complete only the requirements shown in your financial aid record.
Manage Your Financial Aid
Use WebRaider to review requested documents, accept or decline awards, check account requirements and monitor your financial aid status.
Residency Relocation Loans
Fourth-year medical students may borrow additional funds for residency relocation and travel expenses. These loans can be borrowed 180 days before or up to 180 days after graduation and do not need to be certified by the financial aid office. Review each lender's current terms before borrowing, as rates and terms are subject to change.
| Loan Program | Rate Type |
|---|---|
| Sallie Mae Residency/Relocation Loan | Fixed & variable rates available |