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College & University · Beauty
FINANCIAL AID
Are you worried about how you’re going to pay for beauty school? Don’t be! we understand that students’ financial situations are unique. The most common things we see holding students back is the inability to pay for school. The staff at Evolve are prepared to help you understand the financial aid process and assist you in maximizing your financial aid if you qualify and minimizing your loan expenses.
Evolve Beauty Academy is Accredited by the National Accrediting Commission of Career Arts and Sciences (NACCAS), this allows us to participate in the Department of Education’s Title IV Funding Programs. These funds are used to assist you in your educational expenses if you qualify.
FINANCIAL AID PROGRAM INFORMATION
Financial Aid Is Available To Those Who Qualify.....Follow these easy steps to get started!
Step 1 - Set Up an appointment with our financial aid advisor to help you
Apply for your Federal Student Aid ID
If you already have a Federal Student Aid PIN, you will be able to link it to your FSA ID as you create the new ID.
If you have never applied for financial aid –
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Go online to https://fsaid.ed.gov to apply for your Federal Student Aid ID which can be used each year to electronically apply for federal student aid and to access your federal student aid records online.
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If you are a *dependent student, your parent will also need to create a Federal Student Aid ID to complete the Financial Aid Application (FAFSA)
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Your Federal Student Aid ID can be used immediately
Step 2 – Tax info
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You may need your Federal and State tax return. In most cases, the FAFSA can link to the IRS website to transfer this data The FAFSA application will tell you which tax year is needed.
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If you are a *dependent student you will need your parents Federal and State tax return
Step 3 - Filling Out a FAFSA Application at home or with our financial aid advisor
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Fill out your FAFSA at www.fafsa.ed.gov
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Choose the school code for Evolve Beauty Academy 041739
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Sign electronically with your FSA ID. If you are a dependent student your parent will need to sign using his/her FSA ID.
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Contact us 48-72 hours after submitting your FAFSA to schedule an appointment to come in for a tour and discuss your financial aid options. If you have any questions or get stuck at any point during the application process please call and set up an appointment with Erin.
For a student to be eligible for any financial aid s/he cannot be defaulted on a previous Student Loan or owe a refund to any financial aid program.
Am I A Dependent?
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*If you can answer YES to any of the following questions you are NOT considered Dependent:
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Are you 24 years of age or older?
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Are you married?
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Do you have children that receive more than half of their support from you?
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Do you support anyone other than your children?
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Are you currently serving on active duty with the US Armed Forces?
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Are you a veteran ?
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Are you an emancipated minor?
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Are you in foster care or a ward of the court?
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Are you homeless or at risk of being homeless?
TYPES OF FINANCIAL ASSISTANCE YOU MAY BE ELIGIBLE FOR:
US DEPARTMENT OF EDUCATION FUNDING
In order to qualify for U.S. Department of Education funding, each student must meet minimum requirements.
These requirements include:
Demonstrate financial need.
Are a U.S. citizen or eligible non-citizen.
Have a valid social security number.
Register with Selective Service if you are a male between 18 and 25 years of age.
Maintain satisfactory academic progress in college or career school.
Have a H.S. diploma, GED or have completed a homeschooling program approved by your state.
The U.S. Department of Education offers 2 categories of financial aid: grants and loans.
PELL GRANTS
A Grant is need-based Financial Aid that does not have to be repaid, if the student completes the course. It is awarded to help an eligible student pay for education after high school, if the student attends an accredited school that is eligible to participate in the Federal Financial Aid program. Students apply directly to the Department of Education on a Federal application, FAFSA (Free Application Federal Student Assistance). The students EFC (Expected Family Contribution) is determined and reported on the ISIR (Student Aid Report), which is mailed directly to the student. The Pell Grant is determined by comparing the students EFC with the school’s cost of attendance on the annual payment schedule. Duration of student’s eligibility must be checked.
LOANS
SUBSIDIZED AND UNSUBSIDIZED LOANS
Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. (Some people refer to those loans as Stafford Loans or Direct Stafford Loans.)
Based on need, not credit history or income
Amounts vary with qualifications
Payments will be approximately $50.00 + interest
Government pays interest on subsidized loan while in school
Government does not pay interest on unsubsidized loan while you’re in school
Repayment begins 6 months after completing school
Loans are in student’s name only
OTHER FINANCIAL AID OPTIONS
PARENT PLUS LOAN
Enables parents with qualifying credit to borrow from the Government to help with education expenses for their dependent student. Loan amounts vary with qualification. The PLUS loan enters repayment 30-60 days after the loan is fully disbursed. If the PLUS loan is denied, an increase in the Unsubsidized loan may be available to the dependent student.
VA Benefits available to those who qualify
Evolve Beauty Academy is an Equal Opportunity Program
