The student financial aid programs at Fashion Focus Hair Academy are designed to assist students who would find it difficult to attend without financial assistance.
Fashion Focus Hair Academ offers the following types of financial assistance:
• Federal Grants
• Federal Student Loans
Fashion Focus Hair Academ 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 regular student working toward a certificate in an eligible program
• Have a valid Social Security Number
• Make satisfactory academic progress
• Register with Selective Service
How is financial aid determined?
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 can you find financial aid forms?
• In your high school guidance counselor’s office
• Via the U.S. Department of Education’s website - FAFSA on the Web www.fafsa.ed.gov
What factors determine financial need?
• Cost of attendance
• Expected family contribution
• Financial need
What types 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 FEDERAL STUDENT LOANS ARE:
Federal Direct Subsidized Loan
○ while you’re in school at least half-time,
○ for the first six months after you leave school (referred to as a grace period*), and
○ during a period of deferment (a postponement of loan payments).
*Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.
Federal Direct Unsubsidized Loan
Department of Education - The Student Guide - Federal financial aid information
The Smart Student Guide to Financial Aid - Scholarship search and financial aid information
FAFSA site - Apply for FSA User ID and Password
SFA Ombudsman - Resolve loan disputes and problems