Financial Aid Programs (for those who qualify)

Financial Aid Programs include the Federal Pell Grant Program and Federal Stafford Student Loan Program. Forms for both programs are available at Career Beauty College. To find out if you qualify for either program, you must complete a Free Application for Federal Student Aid (FAFSA) and do one of the following:

• Mail it in the envelope that is attached to the form

• Bring it to the Financial Aid Administrator at Career Beauty College

• Enter the FAFSA online at http://www.fafsa.ed.gov.

For students who do not qualify for or do not choose to participate in Title IV Federal Financial Aid Programs, a down payment of $500.00 must be made on or before Orientation Day. The balance is to be paid in 11 monthly installments. A 5 per cent deduction on the tuition will be made for students who pay the total amount on or before the first day of attendance.

Federal Pell Grant Program

The Federal Pell Grant Program is the largest Student Aid Program. The maximum award is $4,050.00 for Fiscal Year 2004 - 2005. Most students attend in two fiscal years. This money does not have to be paid back if you complete the course at Career Beauty College. There is no maximum age limit for this program.

Federal Stafford Student Loan Program

A Federal Stafford Student Loan is a low-interest loan made to you by a bank. These loans are insured by the Federal Government and are administered by the Northwest Education Loan Association (NELA). The maximum loan amount is $2,625.00 per academic year (1,200 hours). You may apply for a Stafford Student Loan after you have attended school for one hundred (100) hours. Generally you have five years in which to repay.

Powered by Cicerone