Have you dreamed of going to Beauty School but dismissed it because you thought you could not afford it? Do not let that stop you! There is financial assistance available for you to make your dream come true. There are various types of financial aid available. Each type of financial aid has different eligibility requirements.
The Financial Aid Department will meet with you to complete an assessment of your needs and determine your eligibility. Then, they provide assistance applying for grants and loans based on that eligibility.
Some types of financial aid for which you may qualify include:
Scholarships
Scholarships are based on merit. You do not have to repay this type of financial aid. A scholarship can be private, state, or federally funded. We maintain a list of scholarships that are available for our students. You can find some of these scholarships by visiting our website.
Grants
Grants are given to students based on their needs. This type of financial aid also may not need to be repaid. Grants are funded in several ways, including private, state, or federal money. Grants have different rules and requirements. Some grants may require you to repay them in certain circumstances. An example of when you may need to repay a grant will be withdrawing from Beauty School. The ACE grant is specifically intended for students who want to begin a career in cosmetology. The Federal Pell (PELL) grant does not have to be repaid and is designed for undergraduate students working towards a professional degree.
Loans
You must repay a loan. First, it is essential to know that there are two main categories of loans. They are private and federally funded loans. A federally funded loan that comes from the federal government may be subsidized or unsubsidized. A private loan is financed by banks, credit unions, or state agencies. For example, the U.S. Department of Education has loans with low interest to help students that meet eligibility requirements cover the cost of career schools.
Contact us today to find out more about what financial aid is available to you. Our financial aid officers are available to help you at any time to help you make the most of your beauty school career.
