FINANCIAL AID
  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 approved for Veterans benefits by the Ohio Department of Veteran Services, State Approving Agency, (BVR) Bureau of Vocational Rehabilitation, WIOA Workforce Investment Opportunity Act including MCTA and TAA in Trumbull, Mahoning and surrounding counties.
Kay Madigan
Director of Financial Aid

kaymadigan@eticollege.edu
The U.S. Department of Education Title IV programs available are:
  • Federal Pell Grants
  • Federal 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:


REFRIGERATION, AIR CONDITIONING, AND HEATING SCHOLARSHIP

http://www.carneyphc.com/contact/scholarship-form

Ohio Leads SCHOLARSHIP

ETI Technical College gives three $2,000.00 scholarship per graduating year. The funds will be pro-rated and credited to the student's account each semester. To be eligible for this tuition (excludes cost of books, supplies, lab fees, registration fee, and graduation fee) scholarship, one must be a graduating high school senior. Application forms may be obtained from the student's high school guidance counselor or ETI's Admissions Office. The completed forms are then sent to the Ohio Association of Career Colleges and Schools where they are judged by the scholarship committee. After a decision is reached, a written notice is sent to the winning student and his/her legislative representative.

MILLIE VERECKY MEMORIAL SCHOLARSHIP

This scholarship is available to high school seniors only. Awards are not need-based. A committee will determine eligibility based upon students graduating GPA and/or graduating rank.

GPA AND/OR RANK AWARD AMOUNT
Valedictorian or Co-Valedictorian $1,000.00
Salutatorian or Co-Valedictorian $500.00
Graduating GPA of 3.5 or higher $250.00

Scholarships are awarded as tuition credit in the first semester. The recipient must matriculate in the Fall semester following graduation. Applications must be received no later than August 1st. An official copy of the high school transcript must be received no later than August 1st. Recipients of awards will be notified by phone no later than August 5th.

PRESIDENTIAL SCHOLARSHIP

This scholarship is available to high school seniors who enroll in a diploma or degree seeking program. Awards are not need-based. A committee will determine eligibility based upon a student's graduating GPA of 3.0-3.5. Scholarships are awarded as a tuition credit of $250.00 each semester for a total of no more than $1, 500.00. The recipient must matriculate in the Fall semester following graduation. It is renewable each semester, provided the student maintains a 3.0 GPA at ETI. Applications must be received no later than August 1st. An official copy of the high school transcript must be received no later than August 1st. Recipients of the awards will be notified by phone no later than August 5th.

FEDERAL PELL GRANT

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 2015/2016 awards range from $0 - $5775.00. Filing deadlines for the 2015/2016 academic year are no earlier than January 1, 2015 and no later than June 30, 2016. The first step to complete an aid application (FAFSA) is to obtain a FSA User ID & Password. You will need a valid e-mail address to receive the FSA User ID. Dependant students (as determined by the Department of Ed guidelines) will need a parent to apply 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 2015/2016. Complete all sections based on the directions provided on the site. Individual income information based on 2014 tax returns (student and parent) can be downloaded to the application directly from the IRS by use of the FSA User ID. This is the preferable method for 2015/2016. 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 FSA User ID. A confirmation screen will come up which you should print for your records. You will receive a Student Aid Report through your e-mail.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)

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.

FEDERAL STAFFORD-SUBSIDIZED (FSL)

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 2015/2016 rate is 4.29%. This loan has an origination fee of 1.068%. 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

Please note: For all new borrowers who receive a loan on or after July 1, 2013 a 150% limitation is in effect. This means a student who is eligible for a subsidized loan will reach their subsidized limit at 150% of a program's length of study. Once a student has reached their 150% limitation, their interest subsidy Loan limit will end on all outstanding loans that were disbursed after July 1, 2013, and interest will begin to accrue. Students are therefore encouraged to complete undergraduate study on a timely basis.

FEDERAL STAFFORD-UNSUBSIDIZED (FSLU)

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 2015/2016 rate is 4.29%. It is subject to the same origination fee 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.

FEDERAL PARENT LOAN (PLUS)

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 2015/2016 year is 6.84%. The origination fee is 4.272%. Eligibility for a PLUS loan is based on creditworthiness as determined by the Servicing Center.

ALL LOANS ARE PROCESSED TROUGH THE FINANCIAL AID OFFICE.

Borrower Direct Loan website http://www.myedaccount.com