How to Pay for Beauty School

Oct 23 2019

Woman Styling Hair

You’re interested in a cosmetology or aesthetics program, but how do you pay for it? Don’t let financial worries keep you from applying and following your passions. There are multiple resources available to help students of all backgrounds to pursue their future careers. From federal financial aid and scholarships, to private loans, take a look and see what you might be eligible for. Financial aid is available to those who qualify.

Financial Aid

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The Free Application for Federal Student Aid (FAFSA®) is aid available to those who qualify in the form of grants, loans, and work-study funds. To apply for FAFSA®, you will often start by creating an FSA ID. You can expect to create a username, login, and provide personal information such as:

Name
Date of birth
Social Security Number (SSN)
Email address and/or phone number
Mailing address

FAFSA® may also require you to provide proof of any income and/or investments to determine if you qualify for financial aid. After you have filled out your FAFSA, you can expect to receive a Student Aid Report (SAR) within three to 21 days. Your SAR is used by your school to determine if you are eligible to receive aid, and if so, how much you might receive.

Scholarships

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There are a wide variety of scholarships available to students of all backgrounds, interests, and financial situations. We recommend using Fastweb to research scholarships you may qualify for. Fastweb is free to join, and you will need to create a student profile to match scholarships to apply for.

Don’t restrict yourself to scholarships that seem strictly cosmetology or aesthetics related, there are scholarships for everything! For example, during the summer, back-to-school scholarships are often available. No matter the topic or time of year, scholarships are always worth applying for!

Private Loans

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Private loans through a bank or credit union may be available. Contact your bank for more information, or contact a member of our Financial Aid Office for a list of our Preferred Lenders that can be used when researching loans.

Other Financial Resources

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Tuition Financing Company

“For over 45 years [Tuition Financing Company (TFC)] Tuition Financing has been unique in our partnership with schools who enroll students that do not qualify for traditional loans.”
Tuition Financing Company

You may find a benefit to using TFC to cover what’s leftover from any financial aid you might receive. TFC provides flexible payment options, low-interest rates, and no startup fees. Our Financial Aid office approves and administers all TFC contracts, please contact them for more information.

VA Education Benefits

If you qualify for Veterans Affairs GI Bill Benefits*, request more information or your certificate of eligibility from the official site. VA Education helps veterans, service members, and qualified family members with tuition assistance and career counseling.

*GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill

Pay in Full or Make Monthly Payments

Contact the Financial Aid Office if you would like to make one lump payment or monthly payments. They will be able to determine what your monthly cost may be. With monthly payments, it may be easier to fit paying for beauty school into your budget!

What’s Next?

Take the next steps and learn how to apply! Paying for a cosmetology or aesthetics program doesn’t have to be an obstacle when pursuing your future in the beauty industry. Here at The Salon Professional Academy of Kenosha, we are happy to help you figure out what may be the best financial options for your education. Contact us today if there is more information you need to help you get started.