ETI is a fully certified institution of higher learning, approved by the
U.S. Department of Education to offer several types of loans and grants to
eligible students. The college is also approved through the Department of
Veterans Affairs, Bureau of Vocational Rehabilitation, Workforce Investment
Training, including TAA, in Trumbull and surrounding counties.
The U.S. Department of Education Title IV programs available are:
• Federal Pell Grants
• Supplemental Educational Opportunity Grant
• William D. Ford Direct Loans:
Subsidized, Unsubsidized, PLUS
The Ohio Board of Regents offers the following:
Ohio War Orphans Scholarships
Ohio Safety Officers Memorial Funds
Ohio College Opportunity Grant
Ohio high school seniors may apply for the
following scholarships:
•Legislative
Scholarship $2000.00
Forms available from guidance counselors or ETI Admissions Dept
Non-renewable
Deadline set by Ohio Association of Career Colleges and
Schools
•Presidential Scholarship up to $1500.00
based on final GPA 3.0 or higher and continuing college GPA
Applications available in ETI Admissions office
Deadline is August 1st of each year
· Millie
Verecky Scholarship
Applications available in ETI Admissions
office
Valedictorian $1000.00
Salutatorian $ 500.00
Graduating GPA 3.5 or Higher $250.00
Non-renewable
Deadline is August 1st of
each year
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Federal Pell Grant-(FPELL) Website
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The federal grant is based on current enrollment status, need, as
determined by a Congress-established formula, and funding levels of the
current award year. Generally, funds do not have to be repaid but they are
subject to Return to Title IV rules, which apply an "earned
funds" test if a semester is not completed. The 2011/2012 awards range
from $0 - $5550.)). Filing deadlines for the 2011/2012 academic year are no
earlier than January 1, 2011 and no later than June 30, 2012.
The first step to
complete an aid application (FAFSA) is to obtain a federal PIN. This can be
done at pin.ed.gov You will need a
valid e-mail address to receive the PIN. Dependant students (as determined
by the Dept of Ed guidelines) will need a parent to apply for PIN as well. Next, you will proceed to fafsa.ed.gov to start the Free
Application for the Federal Student Aid (FAFSA). Make sure you choose the
2011/2012. Complete all sections based on the directions provided on the
site. Individual income information based on 2010 tax returns (student and
parent) can be downloaded to the application directly from
the IRS by use of the PIN. This is the preferable method for 2011/2012-it
is the REQUIRED method for 2012/2013. You may
add one or more school codes to receive an electronic version of your
application (ISIR). The code for ETI is 030790. You must also
indicate a housing plan. When you have completed all necessary fields, you
will be asked to declare that your information is true and then sign with
your PIN. A confirmation screen will come up which you should print for
your records. You will receive a Student Aid Report either through your
e-mail or through the USPS.
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Federal Supplemental Educational Opportunity Grant
(SEOG)
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This federal grant is
available to Pell-eligible students with exceptional need subject to
availability. It is subject to the Return of Title IV funds if you do not
complete the scheduled term.
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Federal Stafford-Subsidized (FSL)
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This is a need-based
loan with a fixed interest rate that does not accrue if you are at least a half-time
student. The 2011/2012 rate is 3.4%. This loan has an origination fee of
1.5% with an up-front rebate of 1% leaving a net fee of .5%.The rebate is
subject to repeal if the first twelve required payments are not met.
First-year students may borrow up to $3500.00 per year depending on need as
determined by the Cost of Attendance; second-year students' limit is up to
$4500.00
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Federal
Stafford-Unsubsidized(FSLU)
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This is a
fixed-interest loan that accrues interest from the time it is disbursed, on
the portion that is disbursed, and until it is paid in full. The 2011/2012
rate is 6.8%. It is subject to the same origination fee and rebate as noted
in the section above. Loan limit is up to $6000.00 per year based on the
Cost of Attendance. Dependant students are limited to $2000.00 per year.
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Federal Parent Loan (PLUS)
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This loan allows a
parent (or the legal equivalent) to borrow up to the Cost of Attendance
minus all other student aid. Interest for the 2011/2012 year is 7.9%. The
origination fee is 4% with an up-front rebated of 1.5% leaving a net fee of
2.5%. The same rebate stipulation noted in FSL section applies. Eligibility
for a PLUS loan is based on creditworthiness as determined by the Servicing
Center.
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ALL LOANS ARE
PROCESSED TROUGH THE FINANCIAL AID OFFICE.
Direct Loan Servicing website http://www.dl.ed.gov
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