Enrollment in the Cosmetology program qualifies a student to apply for financial aid. There are various types of aid available. They are as follows:
Financial Aid is available to those who qualify. Visit www.fafsa.gov to determine your eligibility for financial aid.
This particular type of aid is a grant from the Federal government given to undergraduate students who show a financial need to assist them in continuing their education after high school. This grant does not require repayment by the student.
The direct loan is a low interest loan made payable to the student and the school by the Federal Government to assist a student in paying for their education after high school graduation. In order to apply for the loan, an appointment is made with the Registrar and the student is advised of the procedure for applying for the loan.
If you choose to use Direct Loans, you will be required to complete entrance counseling and complete a promissory note at www.studentloans.gov.
The Cosmetology program is approved for VA benefits. The school will advise regarding the criteria necessary for this type of aid.
Jack R. Tolbert Memorial Grant
Tolbert Grants are for Maryland residents who attend an approved private career school in Maryland. The Tolbert Grant is funded by the State of Maryland. In order to qualify, the individual must show a financial need. Dependent students and their parents must be Maryland residents. The student must be enrolled in an approved Maryland private career school on a full time basis (at least 18 hours per week). The program must be at least 100 hours in length. Tolbert Grants are currently at $500.00 per year. The student may renew this grant one time if the program is longer than a year. The grant must be applied to the school for tuition. The number of awards at each school is determined by the size of the school’s enrollment. The individual is required to apply at the financial aid office at the school or office designated to handle Tolbert Grant Applications. The student must also file a Free Application for Federal Student Aid. FAFSA’s are available from high school guidance offices, local public libraries, college and private career schools financial aid offices, as well as the Maryland State Scholarship Administration. The deadlines for the school to submit its candidate selection form to the State Scholarship Administration are August 15th, November 15th and March 15th. The school will announce the deadline for applying. Contact the school for additional information and an application.
Information regarding the ACE Grant is available at the school and on the Internet at www.ace-grant.org