Federal Aid Available to Those Who Qualify
All of our cosmetology programs have been approved by the Department of Education to take part in the following Title IV financial aid programs.
Federal Pell Grant:
With the Federal Pell Grant, the government will provide you with some financial assistance if you demonstrate financial need. Financial need is determined by the information provided on you FAFSA (Free Application for Federal Student Aid); if you have questions feel free to call us for more guidance. Pell Grants is available as long as you meet the financial need requirements and have not already received a Bachelor’s degree, grants do not have to be repaid unlike loans. For more information schedule to speak with a Financial Aid Advisor at The Beauty Institute.
Federal Direct Loans:
Subsidized Federal Direct Loan:
With Subsidized Federal Direct Loans you carry a fixed interest rate of 3.4% through the duration of the time that your loan is out. Your eligibility is based on financial need and relies on information provided in your FAFSA. Unlike a grant, this is a loan that must be paid back. If you qualify for a Subsidized Federal Direct Loan you can borrow once per academic year as long as you have all required paperwork completed. The federal government pays the interest on a Subsidized Federal Direct Loan while you attend school, during the grace period (first six months after you leave school) and during periods of deferment. Your first payment is due six months after you leave school.
Unsubsidized Federal Direct Loan:
Unsubsidized Federal Direct Loans carry a fixed interest rate of 6.8%. This loan also must be paid back. You are responsible for the interest that accrues on the Unsubsidized Loan while you are in school and during your grace period. Your first payment is due six months after you leave school unless you choose to pay the interest on this loan while you are in school.
Federal Direct Plus Loan (Parent Loan): These loans are borrowed by the parents of dependent students. The Direct Plus Loan has a fixed interest rate of 7.9%. The parent starts paying on the Plus loan within 60 days after the loan is fully disbursed.
Additional Funding
Scholarships for Beauty Schools: Besides financial aid for cosmetology school we are offering high school scholarships for high school seniors and salon scholarships for other prospective student. Click here to learn more.
Other Student Loans: Besides the Federal Aid Programs there are third party loans available to qualified students. For students who do not qualify for federal financial aid, our school offers a number of flexible installment option plans to fit a student’s individual needs.
Military Benefits: Our schools are approved for Veterans’ benefits programs. Call us for more information.
OVR: Our schools are approved for OVR. Please call us for more information.
Students desiring information regarding financial aid for cosmetology school and other various options available should contact the Financial Aid office at the school location they wish to attend.
Take a look at our Consumer Disclosure Information. for tuition costs and more. You can also use our Financial Aid Estimator to see how much you qualify for. If you have any questions, our Financial Aid and Admissions representatives would be more than happy to assist you during normal business hours.
You can even apply to one of our Pennsylvania beauty schools today! Do you have a general question about cosmetology and the programs we offer? Take a look at our FAQ page!