Financial Aid

Eastern Lackawanna County 
Agricultural and Technical University
 
Division of Continuing Education 
Scranton, Pennsylvania
FINANCIAL ASSISTANCE AVAILABLE TO ELCA&TU STUDENTS

The financial aid application process takes time, patience and effort on your part to understand and meet deadlines. But planning ahead and following the necessary steps in the application process will get your educational investment off to a successful start. The following discussion of financial aid can lead students or their parents to resources which can make your life easier as you work your way through the financial aid application process.

NOTICE:

This page is designed to provide helpful information about institutional, state and federal student financial aid programs available at ELCA&TU. It also provides information about the application process at ELCA&TU and helpful hints to make the aid process go smoothly.

The information on these pages is provided as a resource only. It is NOT intended to replace printed policy or information published by ELCA&TU, nor it is intended to represent any type of policy, contract or agreement on the part of ELCA&TC or the Office of Student Financial Aid.


The mission of the Student Financial Aid Office at the Eastern Lackawanna County Agricultural and Technical University is to provide courteous assistance to students in the process of applying for and attaining financial aid in order to fulfill their educational goals while in accordance with institutional and federal regulations, the fact that the Eastern Lackawanna County Agricultural and Technical University makes a great deal of money through these programs not withstanding.


Scholarships and Grants:

Institutional and Departmental Scholarships:


Institutional scholarship recipients are chosen by the Financial Aid Office. To apply, the student must complete the ELCA&TU Scholarship Application by April 1 prior to the semester the student wishes to enroll. For Departmental Scholarships, students must contact the department for which they are interested. Examples include: athletic, hospitality management, dental hygiene and nursing. All scholarship applications must be accompanied by a certified check of at least four figures made out to: Director, Financial Aid Office. Those submitting the check with the highest denominations will be chosen first for the Institutional and Departmental Scholarships.


Federal Pell Grants:


You may receive up to $3000 an academic year at ELCA&TU. The grant can be applied toward education-related expenses such, but not limited to, massage parlors, alcoholic beverages, female (or male) tutors.


Federal Supplemental Educational Opportunity Grant:


The FSEOG is a government grant that is offered to students who demonstrate exceptional financial
 need and for obvious reasons are not eligible for Institutional or Departmental Scholarships.

Student Employment:

Opportunities, on campus and in the community, are available while you attend ELCA&TC. Information concerning employment is available through the ELCA&TU Career Center or the Lackawanna Terminal/ELCA&TU combined Conference Center.


Federal Work Study provides jobs for students who have financial need. These positions are located on campus and the pay rate is less than minimum wage. The maximum a student can earn on work study in an academic year is $4000, minus incidental "kickback" expenses that might be payable the Student Financial Aid Office, and is awarded by the Student Financial Aid Office. The Career Center also assists students in securing federal work study positions and contracts awarded students are subject to approval by the ELCA&TU Finance Department. Please call (717) 555-0700, extension: 29.


Loans:

Federal Perkins Loan is a 5 percent interest rate federal government loan processed through ELCA&TU. The loan ranges from $400 to $2,000 a year. The loan is interest-free while you are enrolled in at least 6 credit hours. Repayment, including interest, begins 9 months after you leave school or drop below 6 credits.


Federal Subsidized/Unsubsidized Stafford Loan funds are processed through a lender of the student's choice. Eligibility is determined by the ELCA&TU Student Financial Aid Office. A first-year ELCA&TU student may borrow up to $2,625 (if eligible). A second, third, and forth year ELCA&TU student may borrow up to $3,500 (if eligible). The subsidized loan is interest-free while you are enrolled in at least 6 credit hours. Repayment of interest on the Unsubsidized Stafford Loan begins immediately upon receiving credit from the University for the value of the loan.


You must begin repaying the Subsidized Stafford Loan 6 months after leaving school or dropping below 6 credit hours.


Federal Additional Unsubsidized Stafford Loan funds are processed through a lender of the student's choice. Eligibility for this loan is determined by the ELCA&TU Student Financial Aid Office using the nationally recognized Standard for Collegiate Kickback Criteria. Independent undergraduate students, or dependent students whose parents are unable to obtain a PLUS loan, may be eligible to borrow up to $4,000 in an additional Unsubsidized Stafford Loan. Repayment of the principal begins 6 months after leaving school or dropping below 6 credit hours. The loan is subject to enormous processing fees that are deducted from the loan proceeds by the Student Financial Aid Office.


Federal Parent Loans for Undergraduate Students (PLUS) are processed through lenders of the parent's choice. Eligibility is determined by the Student Financial Aid Office again using the nationally recognized Standard for Collegiate Kickback Criteria. Parents of eligible dependent students may borrow up to the yearly cost of education (as determined by ELCA&TU) for each dependent student. The amount borrowed may not exceed the cost of education minus the kickback and other financial aid received.


Students enrolled in the Associate of Science Degree in Railroad Management or one of the
 Certificate in the Railroad Crafts programs are eligible for loans from the Lackawanna Terminal Railway Federal Credit Union. Upon completion of the course, employees and those attaining employment with the railroad, loan payments can be arranged via payroll deduction.

Choosing A Lender:

If you are a first-time borrower at ELCA&TU, your loan will not be processed until you have submitted the Lender Selection Form to our office. You are also required to attend a loan entrance counseling session in the ELCA&TU Office of Student Financial Aid.


If you have borrowed previously at another institution it is to your benefit to use the same lender, or choose a lender who sells to the same agency as your prior lender. ELCA&TU Most Favored Lender List may be obtained for a moderate fee from the ELCA&TU Student Financial Aid Office.


For further Information contact:

Gabriele Botchalewsky
 
Human Resources Director 
Lackawanna Terminal Railway 
1 Lackawanna Plaza 
Scranton, Pennsylvania 18503 
Tel: (717) 555-6537

or:


Student Financial Aid Office
 
Eastern Lackawanna County Agricultural and Technical University 
Scranton, Pennsylvania 18503 
Tel: (717) 555-7400, ex. 565

© Steven Kay 2013