ETI is an
eligible institution of higher learning approved by the U.S.
Department of Education to offer several types of financial
assistance (loans and grants), to those who qualify. A booklet
published by the U.S. Department of Education describing in detail
the various types of financial assistance available, can be obtained
by request through the ETI Financial Aid Office. |
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Federal Pell Grant-(FPELL)
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This program makes funds ( which need not be repaid) available to
eligible students attending a nationally accredited college. It is
estimated that your grant will range from $0 to $4,310.00 per
academic year. To determine if you are eligible, the U.S. Department
of Education uses a standard formula, established by Congress, to
evaluate the information you report when you apply. The formula
produces an Expected Family Contribution (EFC) number. Your Student
Aid Report (SAR) contains this number and will tell you if you are
eligible. To apply for the Federal Pell Grant you must complete a
form called Free Application for Federal Student Aid (FAFSA). You
may get copies of this application form from the Financial Aid
Office At ETI College. Or click here
http://www.fafsa.ed.gov |
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Federal Supplemental Educational Opportunity Grant (FSEOG) |
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This grant program (which need not be repaid) is available to
eligible students with EXCEPTIONAL FINANCIAL NEED, who are also
Federal Pell Grant recipients. How much aid you receive will depend
upon your financial need and upon the availability of funds. |
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Ohio
Instructional Grant (OIG)Ohio College Opportunity Grant (OCOG) |
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This state grant program makes funds
(which need not be repaid ) available to full time eligible students
who have been accepted into our Associate Degree Programs. It is
estimated that eligible students can receive up to $4,632.00 per
academic year to be applied to their tuition. To apply for the OIG,
you must fill out the Free Application for Federal Student Aid.
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Federal
Stafford Loans |
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Federal Stafford Loans are low
interest loans made to students attending school at least half-time.
These loans are through the William D. Ford Direct Loan Program.
Students may qualify for a "subsidized" Federal Student Loan, which
is based on financial need. Eligible students can also get an
"unsubsidized" Federal Stafford Loan regardless of need.
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Federal Stafford-Subsidized (FSL) |
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Federal Stafford Loans are low interest loans made to students
attending school at least half-time. These loans are through the
William D. Ford Direct Loan Program. Students may qualify for a
"subsidized" Federal Student Loan, which is basid on financial need.
Eligible students can also get an "unsubsidsidized" Federal Stafford
Loan regarless of need.
In
subsidized money eligible students may borrow up to $3500.00 for the
first year and $4500.00 for the second year. The interest will be
deferred while you are attending school and up to 6 months after
termination or graduation. REPAYMENT begins 6 months after
graduation or termination. Minimum payment amounts are based on
outstanding principal balance. Interest rates are fixed at 6.8%.
There is a 2.5% guarantee and origination fee and a 1.5% rebate is
in effect. A choice of repayment schedule is offered' |
| Federal Stafford-Unsubssidized(FSLU) |
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"unsubsidized' loan is the same as above but, eligible students may
borrow up to $4000.00 and interest is NOT subsidized while attending
school. The total amount for both programs cannot exceed $7,500.00
for the first year. |
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Federal Plus Loans (PLUS) |
| Federal PLUS
Loans enable parents with good credit histories to borrow for each
child who is enrolled at least half-time and is a dependant student.
The yearly loan limit is your cost of education minus any estimated
financial aid for which you are eligible. There is a 4% guarantee
and origination fee on each loan and a 1.5% rebate is in effect. Interest rates
are fixed at 7.9% |
Please go here for additional Financial Aid
and Scholarships
http://www.eticollege.edu/scholarship.htm
Direct Loan Servicing website
http://www.dl.ed.gov
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