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Financial Aid (Consumer Information)

Avancé Beauty College offers quality education at surprisingly affordable cost. However, many qualified students will need financial assistance in the form of Federal Aid in order to attend school. Avancé Beauty College also offers extensive Federal Financial Aid to qualified students who deserve a post- secondary education, but do not have adequate financial means to do so.

You are eligible for financial aid if you are:

  1. Accepted for enrollment.
  2. A citizen or permanent resident of the United States.
  3. A high school graduate, or equivalent, or are beyond the age of compulsory education and demonstrate the ability to benefit from training.

Avancé Beauty College participates in the following financial aid programs:

  1. Federal Pell Grant program.
  2. Federal Guaranteed Student Loan program:
    a. Federal Stafford Student Loan (SSL),  subsidized/unsubsidized
    b. Federal Parent Loan Program (PLUS)
    c. Federal Direct Loan, subsidized/unsubsidized 
    d.Federal Supplemental Education Opportunity Grant (FSEOG) program

A student’s financial aid package may include Federal Pell Grant, Federal Supplemental Education Opportunity Grant, and Federal Stafford Direct Loan.   The Federal Department of Education has the website FAFSA4caster where you can learn more about the financial aid process and get an early estimate of your eligibility for federal student aid.  You can access the FAFAS4caster at http://www.fafsa4caster.ed.gov/F4CApp/index/index.jsf.

The benefits of this website are:

  1. It can help students’ understanding of Federal Student financial aid.
  2. It will assist students in determining how they can apply for Federal student aid and who qualifies?
  3. It allows students to get an early start on the financial aid process by learning the basics.

For additional information you can visit the following sites: Funding Your Education Beyond High School: http://studentaid.ed.gov/students/publications/student_guide/index.html  and  Federal Student Loan: Learn the Basics and Manage your Debt: http://studentaid.ed.gov/students/publications/repaying_loans/index.html

  1. Students enrolling in Avancé Beauty College may apply for Federal Financial Aid using the Free Application for Federal Student Aid (FAFSA) on the web at http://www.fafsa.ed.gov/.   We also have several staff members at the school available to assist you in all aspects of the Financial Aid process.  To apply for financial aid, you must complete a Free Application for Federal Student Aid (FAFSA) for each fiscal year you are enrolled.  
  2. The information on the FAFSA  must be accurate to determine your eligibility for the financial aid offered by the institution.
  3. School will attempt to award any available grant aid (Pell), prior to certifying loan eligibility.
  4. Effective July 1, 2010, the HEOA adds a new provision at section 484(r)(2)(B) of the HEA that allows a student whose eligibility has been suspended due to a drug conviction to resume eligibility if the student successfully passes two unannounced drug tests conducted by a drug rehabilitation program that complies with criteria established by the Secretary

How the school distributes aid among students:

Most Federal Financial Aid is awarded on the basis of financial need.  Need is the difference between your cost of education (educational expenses such as tuition, room board, books, supplies and other expenses) and the amount you and your family are expected to contribute toward your education.  A standard formula is used for all applicants to determine this amount, which is called the expected family contribution (EFC).  If there is anything left over after subtracting the expected family contribution from your cost of education you are then considered to have financial need.

Pell Grants

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree.  Learn more about Pell grants

  • The maximum Pell Grant award for the 2011-12 award year (July 1, 2011 to June 30, 2012) is $5,550.
  • The amount you are eligible to receive depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less.
  • If you received a Pell Grant for the first time on or after July 1, 2008, you can only receive the Pell Grant for up to 12 semesters or the equivalent. 
  • The maximum Pell Grant award amount is given for any Pell Grant eligible student whose parent or guardian died as a result of military service in Iraq or Afghanistan after Sept.11, 2001.  You must be under 24 years old or enrolled at least part-time in college at the time of your parent’s or guardian’s death.

Federal Supplemental Education Opportunity Grant (FSEOG):

  • The FSEOG Program provides need-based grants to low-income undergraduate students to promote access to postsecondary education.
  • Priority is given to those students with “exceptional need” (those with the lowest expected family contributions, [EFCs], at the institution) and those who are also Federal Pell Grant (see # 84.063, also under topical heading “Federal Student Aid”) recipients.
  • Financial need is determined by the U.S. Department of Education, using a standard formula, established by Congress, to evaluate the financial information reported on the FAFSA and to determine the family’s EFC.  
  • For more on FSEOG refer to FSA Handbook: Federal Supplemental Educational Opportunity Grants.