February 19, 2018
Can a Cosmetology Student Receive Financial Aid?
Yes, cosmetology and beauty school students may be able to receive financial aid if they attend an eligible school and qualify for aid. Phagans School of Hair Design participates in federal financial aid programs, and financial aid is available to those who qualify in all of our programs. Students interested in financial aid can start by completing the FAFSA® and using Phagans’ school code, 012350.
Financial Option Available at Phagans? What to Know:
| Federal Pell Grants | Yes, for those who qualify | Federal grants are generally based on financial need and typically do not need to be repaid. |
| Subsidized and Unsubsidized Loans | Yes, for those who qualify | Federal student loans are borrowed funds that must be repaid. |
| Parent PLUS Loans | Yes, for those who qualify | Federal loans that eligible parents may use to help pay education expenses. |
| Scholarships | Yes, for those who qualify | Phagans accepts a variety of internal and external scholarships. Opportunities can change throughout the year. |
| Payment Plans | Yes | Students can contact Phagans to discuss available payment plan options. |
Can beauty school students receive financial aid?
Yes. Students attending an eligible beauty school may qualify for federal financial aid. Financial aid isn’t limited to students attending traditional colleges and universities.
Phagans School of Hair Design participates in Title IV federal financial aid programs and offers financial aid to those who qualify in all of our programs.
That means eligible students pursuing education in areas such as hair design, esthetics, barbering, and nail technology may have financial aid options available to help manage the cost of their education.
The amount and type of financial aid available depend on your individual eligibility, so receiving aid isn’t guaranteed. Completing the FAFSA® is an important first step toward finding out what you may qualify for.
What types of financial aid are available at Phagans?
Phagans currently participates in several federal financial aid programs. The specific aid you may receive depends on what you qualify for.
Federal financial aid options can include:
- Pell Grants: Federal grants generally awarded based on financial need that typically do not need to be repaid.
- Subsidized Loans: Federal student loans for eligible students that must eventually be repaid.
- Unsubsidized Loans: Federal student loans that are not based solely on financial need and must be repaid.
- Parent PLUS Loans: Federal loans that eligible parents may use to help cover education expenses.
Phagans also accepts internal and external scholarships for those who qualify and offers payment plan options. Scholarship opportunities can change throughout the year and may vary by student.
You can review financial aid and other ways to pay for beauty school at Phagans to learn more about current funding options.
Who qualifies for financial aid for beauty school?
Financial aid eligibility depends on several factors, and not every student will qualify for the same types or amounts of aid. The best way to find out what federal financial aid you may qualify for is to complete the FAFSA®.
Rather than assuming you won’t qualify, submit the application and allow the financial aid process to determine your eligibility.
The Phagans Financial Aid team can also help you understand the process and discuss the options that may be available based on your circumstances.
How do you apply for financial aid for cosmetology school?
Applying for federal financial aid starts with completing the Free Application for Federal Student Aid (FAFSA®). The FAFSA® collects information used to determine your eligibility for federal student aid.
To get started:
- Visit the official FAFSA® website. Create your account and begin your application.
- Enter the Phagans school code. Phagans School of Hair Design’s current federal school code is 012350.
- Complete your application. Provide the requested personal and financial information.
- Submit your FAFSA®. Review your information carefully before submitting it.
- Review your eligibility. Contact the Phagans Admissions or Financial Aid team to discuss your eligibility and potential award options.
If you’re unfamiliar with the process, you don’t have to figure it out by yourself. Phagans’ Financial Aid team can help answer questions about completing the FAFSA® and understanding potential funding options.
Does financial aid pay for all of beauty school?
Not necessarily. The amount of financial aid a student receives depends on individual eligibility, the type of aid offered, and other factors. Financial aid should not be assumed to cover the full cost of a beauty school program.
When planning how to pay for school, consider your complete education costs and review all of your available funding options.
Depending on your situation, your plan might include a combination of federal financial aid, scholarships, personal funds, or a payment plan.
Can you get scholarships for beauty school?
Yes. Scholarships may be another way to help manage beauty school costs. Phagans accepts a variety of internal and external scholarships for those who qualify.
Unlike student loans, scholarship funds generally don’t need to be repaid as long as you continue to meet the requirements of the scholarship.
Scholarship opportunities can change throughout the year and may have different eligibility requirements, application processes, and deadlines.
If you’re interested in scholarships, contact Phagans to find out which opportunities are currently available and which ones you may qualify to apply for.
What if financial aid doesn’t cover all of your education costs?
Federal financial aid isn’t the only way to pay for beauty school. If your financial aid doesn’t cover all of your education expenses, you may be able to combine multiple funding options.
Phagans currently provides information about:
- Federal financial aid for those who qualify
- Internal and external scholarships for those who qualify
- Payment plans
Your financial situation is individual to you, which is why speaking with the Financial Aid team can be helpful. They can explain the current options and help you better understand how they may apply to your education.
How can Phagans help with the financial aid process?
The Phagans Financial Aid team can help prospective students understand the FAFSA® process and their potential funding options. Financial aid can involve unfamiliar terminology and paperwork, especially if this is your first time applying.
During the enrollment process, you can ask questions about paying for school, completing the FAFSA®, scholarships, payment plans, and the types of federal financial aid available to those who qualify.
Phagans also encourages prospective students to discuss financing during their school tour and admissions process so they can better understand the cost of their chosen program before enrolling.
How do you get started with financial aid at Phagans?
If you’re considering beauty school but aren’t sure how you’ll pay for it, don’t automatically assume that education is out of reach. Start by learning about your options and completing the FAFSA® to determine what federal financial aid you may qualify for.
Phagans School of Hair Design offers financial aid to those who qualify in all of our programs, and our team can help you understand the process. You can also explore scholarships and payment plans as you develop a plan for managing your education costs.
Request enrollment information from Phagans to learn more about your program options, tuition, financial aid, and the next steps toward enrolling.
Frequently Asked Questions About Beauty School Financial Aid
Does FAFSA® cover cosmetology school?
The FAFSA® can be used to determine eligibility for federal student aid at eligible cosmetology and beauty schools that participate in federal student aid programs. Phagans participates in federal financial aid programs, and aid is available to those who qualify.
What is the FAFSA® school code for Phagans?
Phagans School of Hair Design’s current federal school code is 012350. Students should enter this code when completing the FAFSA® so Phagans can receive their financial aid information.
Does Phagans offer Pell Grants?
Eligible Phagans students may receive Pell Grants as part of their federal financial aid. Pell Grant eligibility and award amounts depend on the student’s individual circumstances.
Does Phagans accept scholarships?
Yes. Phagans accepts a variety of internal and external scholarships for those who qualify. Scholarship opportunities change throughout the year and may vary by student.
Can I use a payment plan for beauty school?
Phagans offers payment plan options. Contact the school to discuss the current options and determine what may work for your situation.
