FEDERAL STUDENT FINANCIAL AID
All students applying for federal financial aid must file a Free Application
for Federal Student Aid (FAFSA). For access to forms and to learn about
deadlines please visit
Our school code at EIC is 031226.
Federal Pell Grant
Federal Pell Grants are available to students who have not yet received
a bachelor's degree and show financial need, as well as additional
eligibility criteria. Unlike loans, grants are “gift aid”
that do not have to be repaid. The maximum amount received for the 2016-17
award year is $5,815, but amounts will vary depending upon financial need.
For more information on Federal Pell Grants -
Federal Direct Loan (Subsidized and Unsubsidized)
Stafford Loans are low-interest loans available to eligible students to
help fund higher education at two- and four-year institutions. Subsidized
loans accrue interest while the student is in school which the government
pays for, while unsubsidized loans accrue interest while the student is
in school which the student pays for.
For detailed information about the differences between these loans, eligibility,
interest rates, and the application process
Students electing to take the Federal student loan at the College complete
loan counseling online at
www.studentloans.gov. before borrowing and prior to graduation. Financial Aid Representatives
are available for any questions regarding the financial programs available.
Parent PLUS Loan Program
If you are considered a dependent student, your parents may apply for a
Direct Plus loan to help pay for your education. For information regarding
eligibility requirements, go to
Completing an Online Direct Loan Master Promissory Note (MPN)
All students who borrower, (
both new and continuing students)
, and choose to accept loans must complete a Direct Loan Master Promissory
Note or MPN.
In order to apply online for a Federal Direct Loan, including both Subsidized
and Unsubsidized Loans, ALL of the following must apply to you:
- You have been admitted to one of the Eastern International campuses.
You have completed the Free Application for Federal Student Aid (FAFSA)
and you added Eastern International College's
School Code of
031226 to authorize the release of your FAFSA information.
- The Eastern International College Financial Aid Office has sent you a Financial
Aid Award letter
- You were awarded a Direct Subsidized and/or Direct Unsubsidized Loan and
have submitted your completed Award Offer with an accepted Direct Loan
award to Eastern International College.
- You have completed Direct Loan Entrance Counseling.
If you meet all of the conditions above, you may complete your Direct Loan
Master Promissory Note (MPN) online
The Direct Loan Master Promissory Note website is managed by the U.S. Department
To complete the Direct Loan MPN you will need the following:
To create or reset your FSAID Username and Password, visit
- Your Social Security Number and Date of Birth
- Your Driver’s License Number (if applicable), Permanent Address,
Telephone Number, and Email Address
The full name, U.S. address, and telephone number of
personal references who live at different addresses and you have known
for at least 3 years. The first reference should be a parent or a legal guardian.
NEW JERSEY STATE FINANCIAL AID
NJ Class Loans
These awards are given to New Jersey state residents who are attending
graduate or undergraduate school either in-state or out-of-state. For
further information, visit
Tuition Aid Grant (TAG)
Nearly one out of three college qualified students in New Jersey receives
TAG, and these grants may cover the full cost of tuition. For further