Financial Aid
What is financial aid?

Financial aid provides funding for qualified students through a variety of sources, each with its own eligibility and application guidelines. Our staff will help you navigate the financial aid process, such as filing applications for federal and county grants and completing required loan documents. Most financial aid work can be completed online at home or in our student services office.

What types of financial aid are available?

Eastland-Fairfield Career & Technical Schools offer students enrolled in full-time credentialed programs four forms of Federal Student Aid: Pell Grants, Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct Parent Loan to Undergraduate Student (PLUS) Loans.

Pell Grant

A Federal Pell Grant is based on financial need. This grant is part of the Title IV entitlement of the Higher Education Act of 1965. Since the Federal Pell Grant is an entitlement, it does not have to be repaid, if the student completes their program.

Federal Direct Student Loans

Students and parents can apply for three types of federal student loans, including: Subsidized, Unsubsidized, and Parent PLUS loans. Each of these loans have a fixed interest rate and can be re-paid over a period of 10-25 years, depending on the repayment plan you choose. Interest rates for all Federal loans are set each spring for new loans being made in the upcoming award year. These rates are tied to financial markets and are fixed for the life of the loan.

The amounts that students can borrow are determined by their dependency status. Student borrowers are not required to undergo a credit check. Parent borrowers must apply for PLUS loans and their credit is checked during that process. Students whose parents are turned down for PLUS loans might be able to borrow more money than their dependency status normally permits.

Direct Subsidized Loan - These loans are available to students with financial need. The Federal Government pays the interest on the loan while the student is school and during grace or deferment periods. Students who first borrowed Subsidized loans after July 1, 2013 can only receive Subsidized loans for 150 percent of the published length of their current program.
Direct Unsubsidized Loan - Eligibility for these loans is not based on financial need. Interest begins accruing at the time of disbursement. The borrower can pay the interest while in school, during grace and deferment periods, or the interest can be accrued and added to the principle at the time of repayment.
Direct Parent Loan to Undergraduate Student (PLUS) Loans - The Direct PLUS Loan is a parent loan for undgraduate students. The loan is not based on financial need, but the borrower must be creditworthy. The amount of a PLUS loan cannot exceed the student's cost of attendance minus other financial need. Interest begins accruing at the time of disbursement. Repayment is generally expected once the loan is fully disbursed. However, a deferment may be requested while the student is enrolled and for an additional six months after the student graduates or leaves school.
Other financial assistance options may be available.

Some students may qualify for assistance from one or more of the following agencies:

Payment Plans

The following payment plan options for tuition and fees are available to those enrolled in full-time credentialed programs.

Full self-pay students - Students who are not eligible for financial aid can make monthly payments to cover the cost of the program. All programs require a 20% down payment at the time of registration. Students will be invoiced for the remaining program balance after the start of class. The number of monthly payments and amounts due are based on the enrolled program. The final payment must be received no later than the mid-point of class, as noted on the invoice.

Partial self-pay students - Some students receiving financial aid may not receive enough funds to cover the full cost of the program through Pell Grants, Federal Direct Loans, and other sources such as employer funding. Students with a partial self-pay balance of greater than $500 are required to make a 20% down payment based on the estimated remaining balance, due prior to the first day of class. Students will be invoiced after the start of class for the remaining balance of tuition and fees. The number of monthly payments is based on the enrolled program, as shown in the following payment schedule. The amount of the monthly payment is determined after all funding source payments are calculated. The final monthly payment must be received no later than the mid-point of class, as noted on the invoice.

Treasurer’s Office:
Dawn Lemley, Treasurer
(614) 836-4532 Choose Option #5
(614) 836-5429 fax
[email protected]

Superintendent’s Office:
Bonnie Hopkins, Superintendent
(614) 836-4530 Choose Option #2
[email protected]

Caroline Davis, Assistant Superintendent
[email protected]
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