Educators of Beauty's student financial aid program is designed to assist students who would otherwise find it difficult to attend without financial assistance.
The following types of financial assistance are offered:
- Federal Grants
- Federal Student Loans
Educators of Beauty is approved by the United States Department of Education to offer the following Title IV programs for post-secondary education to eligible students:
- Federal Pell Grant
- Federal Direct Loans (Subsidized and Unsubsidized)
- Federal Direct PLUS Loans
Financial aid eligibility requirements
- Be a U.S. citizen or eligible non-citizen
- Demonstrate financial need
- Hold a high school diploma, a 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 Educational Purpose and a Certification Statement on overpayment and default
Who is eligable for financail aid?
The basis of determining a student’s financial need will be an analysis of the financial status of the student’s and/or the parents’ income. This analysis is accomplished by completing a Free Application for Federal Student Aid (FAFSA) distributed by the U.S. Department of Education.
Where are financial forms available?
- In your high school guidance counselor’s office
- In the financial aid office at Educators of Beauty
- Via the U.S. Department of Education’s website - FAFSA on the Web
What factors determine financial need?
- Cost of attendance
- Expected family contribution
- Financial need
What kinds of student financial aid are available?
FEDERAL PELL GRANT
A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are awarded only to undergraduate students who have not earned a Bachelor’s or professional degree. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added.
TYPES OF DIRECT STAFFORD LOANS AVAILABLE ARE:
- SUBSIDIZED STAFFORD LOAN
A subsidized loan is awarded on the basis of financial need. You will not be charged interest before you begin repayment or during authorized periods of deferment. The federal government “subsidizes” the interest during these periods.
- UNSUBSIDIZED STAFFORD LOAN
An unsubsidized loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be capitalized – that is, the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount.
Students are encouraged to apply for one, or a combination of financial aid types available.
Financial Aid Resources include:
- Federal financial aid information
- Scholarship search and financial aid information
Federal Direct Loan Program Online
- Apply for a U.S. Dept. of Education PIN number
- Resolve loan disputes and problems
- Look up Title IV school codes for FAFSA
- Explore carreers and prepare for college