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In 1936, Fay obtained a bachelor's degree in geology from [[Yale University]] in [[New Haven, Connecticut|New Haven]], [[Connecticut]]. At Yale, he was commissioned an ensign in the U.S. Naval Reserve. During [[World War II]], he commanded a submarine chaser in the [[Gulf of Mexico]] and the [[Atlantic Ocean]].  Later in the war, he was advanced to the rank of first lieutenant while serving in [[Okinawa]].<ref name=bio/>​

In 1936, Fay obtained a bachelor's degree in geology from [[Yale University]] in [[New Haven, Connecticut|New Haven]], [[Connecticut]]. At Yale, he was commissioned an ensign in the U.S. Naval Reserve. During [[World War II]], he commanded a submarine chaser in the [[Gulf of Mexico]] and the [[Atlantic Ocean]].  Later in the war, he was advanced to the rank of first lieutenant while serving in [[Okinawa]].<ref name=bio/>​

==Business interests==​

==Business interests==

 

In 1938, Fay and his brother, Ernest Fay (1914–1986), founded Seabrook Shipyard, which built submarine chasers and rescue boats during World War II. After the war, Fay operated various businesses in Texas and Louisiana, including shipbuilding and his Bel Oil Corporation.<ref name=bio/>​

In 1938, Fay and his brother, Ernest Fay (1914–1986), founded Seabrook Shipyard, which built submarine chasers and rescue boats during World War II. After the war, Fay operated various businesses in Texas and Louisiana, including shipbuilding and his Bel Oil Corporation.<ref name=bio/>​

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