What Are My Financial Aid Options

Are you considering a future in beauty but are worried about the costs? Fortunately, many financial aid options are available to help make education more affordable! Don’t let the cost of education hold you back from pursuing your dreams!

In this blog post, we’ll look at the most common forms of financial aid and how they work. Whether you’re a student just starting your beauty school search or a parent looking for ways to help your child pay for school, this guide can provide valuable information to help you navigate the world of financial aid.

Scholarships

Scholarships are one of the most popular forms of financial aid. They’re typically awarded based on merit, need, or a combination of both. There are thousands of scholarships available to students, from small, local awards to large, national ones.

One of the biggest advantages of scholarships is that they don’t need to be paid back, so they’re essentially free money. For a full list of scholarships, click here. We accept a variety of scholarships for our programs, and we want to help connect you with resources to make your beauty dreams a reality. We highly recommend taking advantage of them and applying for as many as possible!

Financial Aid

In addition to scholarship options, financial aid is available to those who qualify. We understand that any form of financial aid can make a significant difference when it comes to paying for higher education, and that’s why we’re here to assist you in finding options that can help make it possible.

As an officially accredited school, Academy of Hair Design can offer our students federal aid options. We have professional financial aid representatives on site ready to help you figure out how to make beauty school a possibility.

Grants

Like scholarships, grants are another form of financial aid that doesn’t need to be paid back. Grants are typically awarded based on financial need, although there are some merit-based grants as well. The most well-known grant program is the Federal Pell Grant, which is available to students who demonstrate significant financial need. The amount of your Pell Grant aid is based on factors like age, attendance, family contribution, full or half-time attendance, and your academic year.

To apply for grants, you’ll need to complete the Free Application for Federal Student Aid (FAFSA). This is a form that’s used to determine your eligibility for various types of financial aid, including grants.

Federal Direct Loan Program

If you’re unable to cover your educational expenses with scholarships and grants, you may need to take out student loans. The most common type of student loan is the federal loan, which is issued by the U.S. Department of Education.

There are two main types of federal loans:

• Subsidized loans: These are available to students who demonstrate financial need. Students with this loan will not be required to pay interest as a student for the first six months after graduation.
• Unsubsidized loans: These are available to all students, regardless of financial need. Interest begins to accrue as soon as the loan is disbursed.

Plus Loans

PLUS loans are a form of financial aid that can be given to parents of a dependent undergraduate student to support their child’s education. However, these loans require parents to have an approved credit history. To learn more about PLUS loans and to apply for them, you can visit this link.

Tips For Success

When applying for financial aid, there are several tips that can help you achieve success in securing the funds you need. Here are a few key tips:

• Start early: Financial aid can take time to process, so it’s important to begin the application process as early as possible. This will give you plenty of time to gather all the necessary documents and submit your application before the deadline.
• Be thorough: When completing your financial aid application, be sure to provide all the required information and double-check your work for accuracy.
• Meet all deadlines: Missing a deadline for financial aid can result in missing out on important opportunities. Be sure to keep track of all deadlines and submit your application and other required documents on time.

Ready To Pursue Your Dreams?

By taking advantage of the many financial aid options available, you can make your education more affordable and set yourself up for success in the future.

If you have any additional questions, get in touch with a financial aid specialist and they can help you get started on the process! Don’t let financial stress keep you from pursuing your dream career. There are ways to make beauty school happen, and we are here to help you figure out what that looks like for you! We can’t wait to talk with you!