Financial Aid

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Cosmetology & Spa Academy Offers You Financial Aid

We care and try hard to help you find grants, scholarships, and affordable loans to minimize your beauty school costs. We are also proud participants in the DermaMed Solutions Aesthetics Education Award Program Before our Meeting Occurs, you can Apply for Financial Aid Online:

• Visit the federal financial aid website here at www.fafsa.ed.gov
• Complete your application using school code 015086 to have it sent to Cosmetology & Spa Academy
• Print your confirmation page and bring it to your financial consultation
• View our Financial Aid Code of Conduct that protects you the student

Links to Scholarship Opportunities

Click Here to View A List of Scholarships Available

What Factors Determine Financial Need?

• Cost of attendance
• Expected family contribution
• Financial need

Federal Pell and Grant Need Based Aid

Is available to students with demonstrated need for further financial assistance. Please contact our admission office for further details.

Federal Pell Grant – Pell

Is available to students with demonstrated need for further financial assistance. Please contact our admission office for further details.

Cosmetology & Spa Academy Grant Need–Based Aid

Is available to students with demonstrated need for further financial assistance. Please contact our admission office for further details.

Financial Aid Eligibility Requirements

• Be a U.S. citizen or eligible non–citizen
• Demonstrate financial need
• Hold a high school diploma, general education diploma (GED)
• Be enrolled or accepted for enrollment as a student working toward a certificate in an eligible program
• Have a valid Social Security Number
• Make satisfactory academic progress
• Register with Selective Service
• Sign a Statement of Education Purpose and a Certificate Statement on overpayment and default

More Financial Aid Resources – Quick Links

• Rosy Rewards Scholarship Program
  • Provided by Rosy Salon Software
• Department of Education
• Department of Education Student Guide
• FinAid
• Federal Student Aid
• College Navigator

Direct Subsidized Loans

Also known as Federal Direct Student Loans, are awarded based on financial need. The Academy determines financial need, in part, from the information provided on the Financial Aid Application. With a Direct Subsidized Loan the federal government does not charge interest before repayment or during authorized periods of deferment.

Direct Plus Loans

Also called the Federal Parental Loan for Undergraduate Students, helps parents pay their dependent children’s educational expenses, if they qualify. Parents may borrow up to the amount of the cost of attendance minus any other Financial Aid received. The federal government charges interest from the date the first disbursement is made until the loan is paid in full.

Ankin Law Office Scholarship for Military Veterans

Ankin Law Office Scholarship For Military Veterans

Ankin Law Office Scholarship For Disabled Veterans

Direct Unsubsidized Loans

Also called Federal Direct Student Loans, are not awarded on the basis of need. An eligible student may borrow up to the cost of attendance minus any other financial aid received. However, the student may not borrow more than the maximum annual amount. The federal government charges interest from the time the loan is paid out until the loan is paid in full.

Direct Consolidation Loans

Direct Consolidation Loans simplifies repayment by combining one or more federal education loans into one new direct consolidation loan. If loans are combined into a Direct Consolidation Loan, there is only one loan, one payment point, and one monthly payment. Interest rates for Direct Subsidized, Direct Unsubsidized, and Direct Plus loans are variable and may change each year of repayment. Interest rates for Direct Consolidation Loans are fixed. By law, interest rates will not exceed 8.25% for Direct Loan and 9% for Direct Plus and Direct Consolidation Loans. If you have any questions about your FSA program funds, you can call the Federal Student Aid Information Center at (800) 433–3243 from 8am to 12am, seven days a week.

You can also go to the U.S. Department of Education website,www.studentloans.gov. Dissatisfaction with or non-receipt of education services offered by the Academy, does not excuse borrowers from repayment of their loans. Borrowers must inform their lenders immediately of any change in name, address, telephone number, or social security number. If the borrower is unable to make a scheduled payment, he or she should contact the lender before payment is due to discuss other repayment options.