Financial Aid Options
Financial Aid Options
When going through the Financial Aid process, students must remember that financial aid includes grants and loans. Upon completing the FAFSA, a student will know which financial aid option(s) they qualify for.

Student Loans – 
Federal Direct Subsidized Loan: This loan must be repaid and is based on financial need. It is an interest free loan while the student attends the program and for six months after the student graduates, drops below half-time enrollment, or leaves the program. That six-month span is known as the “grace period”. Once the grace period is over the loan will begin to gain interest and the student will need to start repaying it. The FAFSA must be completed to find out if the student qualifies for the Subsidized Loan.
Federal Direct Unsubsidized Loan: This loan must be repaid, but is not based on financial need. Unlike the Subsidized Loan, this loan gains interest while the student attends the program. However, there is still a six-month grace period before the student will need to start repaying it. The FAFSA must be completed in order for a student to qualify for the Unsubsidized Loan.

Parent Loans – 
Federal Direct PLUS Loan: This is a loan that a parent can take out to pay any balance not covered by the student financial aid. This loan is based on credit and a Parent PLUS Loan application must be completed to see if the parent qualifies. The student must submit a FAFSA for a parent to qualify for a PLUS loan.

Grants and Scholarships – 
Federal Pell Grant: This grant is based on financial need. If a student qualifies for this grant, they do not have to repay it. To find out if a student qualifies, the FAFSA must be submitted.
Scholarships: Many websites offer scholarships that may be used to help pay for tuition or to help pay back any loans taken out. Scholarships can be obtained by filling out applications which consist of personal information about the student and potentially a short answer to a question or an essay that must be written. The FAFSA does not need to be submitted in order for a student to qualify for a scholarship.
Go to https://www.electricaltrainingcenter.edu/scholarships to view scholarships that are offered year-round. 
Here are Electrical Training Center Institutional scholarship applications:

ETC Tech School Graduate scholarship High School Scholarship Application
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