Cosmetology Scholarships and Financial Aids
Free Application for Financial Aid (FAFSA) – These documents are used to determine what amount, if any, a family (and that means both parent and student) can contribute to the annual cost of attendance. The formulas consider a variety of family circumstances when determining eligibility. Every student is eligible to apply, and should consider this application for cosmetology scholarships and financial aid.
Types of Financial Aid for Cosmetology Career
Grant Cosmetology Scholarships
A grant cosmetology scholarships are money that you will not have to pay back. Unlike loans, grant cosmetology scholarships consist of free money that can be used to pay for school. Grant cosmetology scholarships usually come from the state, the government or the college that you are attending. Completing the Free Application for Federal Student Aid (FAFSA) is a great starting point if you are in need of financial aid for college.
Cosmetology Scholarships are granted because you do not have to pay it back. Students usually receive cosmetology scholarships because they did something special. Reasons can include getting good grades, doing well in sports, providing community service, etc.
Work-study Cosmetology Scholarships
Work-study cosmetology scholarships allow students to work in part-time jobs to earn money for college. Work-study is different than having just any job because these programs help students gain experience related to the program they study in school.
Loan Cosmetology Scholarships
A loan is a money you borrow from a lender. Loans can come from public lenders such as the Department of Education or private lending companies (e.g. banks, credit unions, etc.).
Subsidized Federal Direct Loan
A Subsidized Federal Direct Loans has a variable interest rate. Eligibility is based on financial need. This is a loan that must be paid back. If you are eligible for the cosmetology scholarships, you may borrow once per academic year as long as all the required paperwork has been 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
An Unsubsidized Federal Direct Loans has a variable interest rate. This is a loan that 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.
National Accrediting Commission of Career Arts and Sciences (NACCAS)
American Beauty College has met the national standards of educational performance and is a NACCAS accredited school. NACCAS is recognized by the U.S. Department of Education as a national agency for the institutional accreditation of postsecondary schools, departments of cosmetology arts, and sciences, including specialized schools.
BPPE Annual Report
BPPE Annual Report, 2015 – Programs
BPPE Fact Sheet
BPPE Annual Report, 2016 – Institutions
Download 2018 Class Catalog
2014-2015 FAFSA Student Aid Eligibility Worksheet
2014-2015 Verification Worksheet For Dependent Student
2014-2015 Verification Worksheet For Independent Student
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