Our financial aid advisors will help you find the options available to you. Students enrolled in most programs are eligible to apply for federal financial assistance through Title IV of the Higher Education Act, which includes federal grants (which do not have to be repaid) and low-cost federal loans (with payments beginning after you have been out of school for six months). Financial Aid is available for those who qualify and may be subject to the terms of the scholarships, loans or grants applied for. There are so many affordable ways to finance your future. Let us help you explore the option that works best for you.
There are many financial aid options, it’s easy to get overwhelmed, and that’s why our staff is waiting to help you understand your options. Fill out the request information form on this page to talk with an admissions officer today.
A Scholarship is a payment made to support a student’s education, awarded on the basis of academic or other achievement. Click on a scholarship below to learn more:
- ACE Grant
- Beauty Changes Lives Scholarships
- The Alice Madden Barton Scholarship Program
- Joe Francis Haircare Scholarship
- CND Tippi Hedren Nail Scholarships
- Sport Clips Scholarship
- Other AACS Scholarships
ACE Grants are the first ever industry-wide effort to encourage highly motivated and qualified individuals to join the world of cosmetology. As participating colleges, Phagans’ Cosmetology Colleges offer ACE Grants as a college based scholarship. In order to apply for an ACE Grant, you will need to submit a completed application prior to enrollment and will need to meet all of the scholarship criteria listed in the Student Catalog and Handbook.
For more information and/or to request an application form, visit http://beautyschools.org/ace-grants/.
The Beauty Changes Lives Foundation offers scholarships and celebrity mentorships throughout the year. Opportunities are available for prospective & current students, as well as licensed cosmetologists.
For more information, visit www.beautychangeslives.org/scholarships.
This is a Great Clips Cosmetology School Scholarship for current students, high school students and anyone interested in cosmetology or barbering as a career can apply for a scholarship through the Alice Madden Barton Scholarship program. These scholarships can be used at any cosmetology or barbering school. The scholarships are given out twice a year in January and July to applicants who can demonstrate a passion for the craft and dedication to developing their skills. The deadlines for applications are June 30 and December 31.
For more information go to http://jobs.greatclips.com/page/show/schools
Joe Francis Haircare Scholarship awards $1,000 scholarships for students enrolled or applying for enrollment to a barber or cosmetology school. Esthetician or Nail training students are not eligible. For details visit www.joefrancis.com.
The Beauty Changes Lives Nail Scholarships are for prospective and newer students enrolled in a nail program. Each scholarship is generously funded to help offset the cost of tuition and to help the winners embark on a career that truly changes lives. Recipients are selected based on either an inspiration board or video. For more information visit https://beautychangeslives.org/cnd-basic/.
The Sport Clips Scholarship is a scholarship opportunity available through AACS, which is awarding multiple $1,000 scholarships for Cosmetology students who attend AACS member schools. Only one scholarship recipient will be chosen from an individual school per year for the program.
For more information and to download the application, click here.
AACS has several new scholarships available to students. Information can be found at http://beautyschools.org/careers-in-beauty/grants_scholarships/.
Grants and Loans
Financial Aid is available for those who qualify and may be subject to the terms of the scholarships, loans or grants applied for.
For all Federal Financial Aid programs, you begin by filling out the FAFSA – a free application that you can access by clicking the button below. We recommend that you start your FAFSA right away because they can take a couple days to process. In order for us to help you with financial planning for college, we’ll need the information from your FAFSA.
Federal Pell Grant (PELL)
Pell grants are the foundation of federal student financial assistance to which aid from other federal and nonfederal sources might be added. These grants are generally awarded to undergraduate students and the award amounts can change yearly. Unlike loans, grants are not repaid unless, for example, you withdraw from school prior to the planned program completion date. All federal grants are awarded to students with financial need. The amount of your Federal Pell Grant depends on your cost of attendance, expected family contribution, enrollment status (full or part time) and whether you attend for a full academic year or less. For more information visit Federal Pell Grant.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This type of grant is awarded to undergraduate students with exceptional financial need-those with the lowest Expected Family Contribution (EFC). Federal Pell Grant recipients receive priority for FSEOG awards which range from to per award year. The amount of your award will be determined by the school’s Financial Assistance Office. For more information visit Federal Supplemental Educational Opportunity Grant.
William D. Ford Federal Direct Loan Program
Student loans, unlike grants, are borrowed money (monies) that must be repaid with interest. Loans made through this program are referred to as Direct Loans. Eligible students and parents borrow directly from the U.S. Department of Education. For more information visit William D. Ford Federal Direct Loan Program. There are three types of loans in the program:
- Subsidized Stafford Loan– A student can borrow this type of loan to cover some or all of their school expenses. The U.S. Department of Education pays the interest while you’re in school. The amount of the loan cannot exceed a student’s financial need. For more information visit Subsidized Stafford Loan.
- Unsubsidized Stafford Loan– A student can borrow this type of loan to cover some or all of their school expenses. The U.S. Department does not pay interest on subsidized loans. A student is responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full. The fixed interest rate of 6.8 percent can be paid while attending school, during a period of deferment or forbearance or it can be accrued and the interest added to the principle amount of the loan. For more information visit Unsubsidized Stafford Loan.
- PLUS Loans– Parents of dependent students can borrow from the PLUS Loan program. The terms and conditions of this type of loan include a requirement that the applicant not have an adverse credit history, a repayment period that begins on the date of the last disbursement of the loan and a fixed interest rate of 7.9 percent for the Direct Loan. For more information visit PLUS Loans.
Veteran’s Education Benefits
Our colleges are approved for Veteran’s Educational Benefits for veterans, eligible dependents of deceased or disabled veterans and active status National Guard and Reserve personnel. For more information visit www.gibill.va.gov.