Your FAFSA Guide For Applying To Beauty Schools That Offer Financial Aid.
The application process for financial aid can be exciting, intimidating and confusing all at the same time. That’s why we have created an informational financial aid guide for beauty schools that demystifies what financial aid is, who qualifies, student aid types & options, when, and how to get started. You will find informational videos and links to important sites that are core to your qualification process and success.
WHAT IS FINANCIAL AID? Financial aid is money to help pay for postsecondary education or career school. Aid can come from the U.S. Federal Government, the state you live in, the school you want to attend or private organizations. The office of Federal Student Aid provides more than $150 billion in grants, loans, and work-study funds to qualified students who need help paying for school. Financial Student Aid might be your best option.
WHO CAN APPLY? No matter your age, race, even if your parents are undocumented immigrants, you can and should apply for financial aid by filling out a Free Application for Federal Student Aid(FAFSA).
WHAT ARE THE TYPES OF FINANCIAL AID I CAN APPLY FOR? There are many federal financial aid types and options to consider:
- Grants: Grants are often need-based. If you qualify, you typically won’t have to repay the money but there are certain scenarios that may require that a portion or all of the grant funds be repaid(example, if you withdraw from school before finishing an enrollment period such as a semester). You may still need additional help. Learn more about grant types.
- Work-study job: another great option to help pay for school if you qualify. Undergraduates qualify to earn minimum wage. You won’t have to pay this back.
- Student Loans: While student loans help cover the cost of college tuition and fees, it also can be used to pay for room and board, books, and supplies. After all, grants, work-study job or scholarships can be a huge help but these forms of aid may not help cover the full cost of school. Getting a loan is a big decision, you will be required to repay these once you are out of school. Here are a few things to keep in mind when deciding how much to borrow:
- Don’t Settle – Make sure the school is the right fit for you both educationally and financially.
- Location – the amount of money you need can be dependent on where your school is located. In-state schools require less funding.
- Future income – Student loan payments should only be a small portion of your future salary. The amount of your loan will affect your future finances.
WHAT IS ACCREDITATION? In order to receive federal student aid, the institution that you are applying to has to be an accredited school. Accreditation is important because it is a measure of whether a career school or college either meets or exceeds the standards of quality. One of the first steps a student should take is to verify if the school is recognized by a certified accrediting agency. Some of the benefits for you are:
- Students must attend an accredited institution to apply for federal grants or loans.
- Helps employers determine whether a graduate is qualified. It is important for employers to know if applicants received a degree or certification from accredited schools or programs.
- Assists institutions in determining if credits are transferable in the event you need to transfer to another school.
AREN’T ALL BEAUTY SCHOOLS ACCREDITED? No. Accreditation is a voluntary step an institution chooses to take or not. Not all educational institutions want to endure the rigorous self and independent evaluation of the quality of the education they produce.
HOW SOON CAN I START APPLYING FOR FAFSA? Once you establish your FSA ID, you can apply for financial aid at any time. It takes about 30 minutes to apply and you will be able to know your status right away. Matter of fact, you can begin applying even if you have not filled out a TSPA apply now form for our academy. The FAFSA application process is pretty simple. We have outlined key links for application pages, videos that show how-tos and other important information about the application process.
WATCH VIDEO: Overview of the Financial Aid Process
Are you ready to get started?
Our guide will make your application for student aid easier. We have included quick overviews of some of the processes and video links that complement the information provided in this guide.
FIRST STEP IN APPLYING FOR FAFSA:
CREATE YOUR FSA ID – your electronic passport to federal student aid
WHEN? Get an FSA ID as soon as possible. Before you fill out your FAFSA application, you will be required to enter an FSA ID. This is your first step to begin the financial aid process. Create your FSA ID here with step by step instructions. If it is determined that you are a dependent, share this quick video link with your parents to help them understand the process and participation required from them.
WHY? This is your first step in being able to apply for student financial aid. An FSA ID establishes your username and password and is your electronic passport to federal student aid online that lets you access US department of education websites: FAFSA.ed.gov or studentloans.gov to start your application.
WHO? You and your parent(s), if you’re a dependent student, MUST set up your FSA ID. If you are unsure whether you’ll need to provide parental information on the form? How do you find out your dependency status? You will be asked numerous question to determine if you are a dependent or independent student. This is important because:
- If you are a dependent, then you will need to include your parent’s financial information on your FASFA(Free Application for Student Federal Aid). This means your parent’s financial information will be considered along with your information to determine eligibility for federal student aid.
- Independents generally are qualified by the following statuses: a graduate student, on active duty military member, Veteran, Married or 24 or older, you are most likely an independent.
- There are special circumstances like living with your grandparents and so forth and your FASFA form will provide you feedback on your dependency status.
WATCH VIDEO: FAFSA: Determining Your Dependency Status
WHAT information will you need to get started?
- Social Security number – You must have one in order to get an FSA ID.
- ID or Drivers License
- W2 form(s) or tax returns from the previous earning year.
- Be prepared to answer 3 groups of questions:
- Personal – name address & marital status
- Financial – income
- Parental – if applicable or required
WATCH VIDEO: How to create your FSA ID
APPLY FOR FAFSA – APPLICATION
The Free Application for Federal Student Aid (FAFSA) allows students to apply for more than $150 billion in grants, loans, and work-study funds. Watch the video below for info about the FAFSA and the resources available to help fill out this important application. Remember, the FAFSA is a FREE application for federal student aid. You never have to pay for applying!
WATCH VIDEO: How To Fill Out The FAFSA
WATCH VIDEO: Start the FAFSA Application
Information you will need to get started:
- FSA ID
- The school code for TSPA Evansville #041727
- Be prepared to answer 3 groups of questions:
- Personal – name address & marital status
- Financial – income
- Parental – if applicable or required
I FILLED OUT MY FAFSA NOW WHAT? The great thing about filling out the FAFSA online is that you can check it’s processing status a few days later. You will be provided a Student Aid Report (SAR) which is a summary of all the information you provided on the FAFSA. Once you have filled out the FAFSA form for student aid, you will receive an award letter from our financial aid officer and from each school, you listed on your FASFA application. This letter will explain the federal and non-federal financial aid that a school is offering you. You will be sent an award letter from our financial aid officer and if you have any questions about it, contact us immediately.
WATCH VIDEO: After the FAFSA: What Happens Next
The goal of The Salon Professional Academy Financial Aid office is to assist students in attaining the necessary funds to attend our institution. Students may apply for a variety of federal, state, and institutional grants and scholarships by completing the Free Application for Federal Student Aid (FAFSA) as mentioned above. More instructions and scholarship opportunities can be found throughout our website, but students with questions are encouraged to contact our office at admissions@tspaevansville.com or 812-436-1306.
