What does ETFL mean in UNCLASSIFIED
An ETFL is a short-term, low-interest loan that helps students pay for tuition and fees when they have an unexpected financial hardship.
ETFL meaning in Unclassified in Miscellaneous
ETFL mostly used in an acronym Unclassified in Category Miscellaneous that means Emergency Tuition and Fee Loan
Shorthand: ETFL,
Full Form: Emergency Tuition and Fee Loan
For more information of "Emergency Tuition and Fee Loan", see the section below.
Essential Questions and Answers on Emergency Tuition and Fee Loan in "MISCELLANEOUS»UNFILED"
What is an Emergency Tuition and Fee Loan (ETFL)?
Who is eligible for an ETFL?
To be eligible, students must:
- Be enrolled at least half-time in an eligible program at an approved institution
- Have an unexpected financial hardship that prevents them from paying their tuition and fees
- Be making satisfactory academic progress
- Meet other eligibility requirements set by the lender
How much can I borrow with an ETFL?
ETFLs typically cover up to the cost of tuition and fees, up to a maximum amount set by the lender.
What are the interest rates and repayment terms for an ETFL?
Interest rates and repayment terms vary depending on the lender. Generally, ETFLs have low interest rates and repayment terms that begin after the student graduates or leaves school.
How do I apply for an ETFL?
To apply for an ETFL, students should contact their school's financial aid office. The school will provide the student with an application and instructions.
What are some examples of unexpected financial hardships that may qualify me for an ETFL?
Unexpected financial hardships that may qualify for an ETFL include:
- Loss of income
- Medical expenses
- Natural disasters
- Car repairs
- Other unexpected expenses that make it difficult to pay for tuition and fees