October 23, 2018
The Financial Aid Process at Phagans School of Hair Design
Beauty career dreams start with an education. Here at Phagans School of Hair Design, we know that one of the biggest questions when beginning your beauty school journey can be figuring out how to pay for your program. Don’t worry! We have a trained team of Financial Aid Administrators and a talented Director of Admissions who are here to help you understand your options.
How does financial aid work at Phagans School of Hair Design? Financial aid is available in all of our programs to those who qualify. The process typically starts by completing the Free Application for Federal Student Aid (FAFSA®) using Phagans’ school code, 012350. Depending on your eligibility, financial aid may include Pell Grants, Parent PLUS Loans, and subsidized or unsubsidized federal student loans.
How Do I Start the Financial Aid Process at Phagans?
Financial aid is available in all of our programs to those who qualify.
Our school code is 012350.
Where Do I Begin?
During the enrollment process at Phagans, our Admissions Team can discuss your plans for financing your education and provide guidance based on your needs. If you require further assistance, we can arrange a meeting with our Financial Aid Team to explore your options in more detail.
Whether this is your first experience with financial aid or you have applied for aid before, we are here to help you navigate the process. No question is too big or too small. We want you to have the information you need to make informed decisions about your education.
Can Phagans Help Me Complete the FAFSA®?
Yes. If you’re interested in seeing what federal financial aid options may be available to you, our Financial Aid Team can help you understand the Free Application for Federal Student Aid (FAFSA®) process.
Part of filling out the application is gathering the information you need and creating your StudentAid.gov account, also known as an FSA ID. Our team can help answer questions you may have as you work through the process.
Completing the FAFSA® is free, but it does not guarantee that you will receive financial aid. Your eligibility and the types and amounts of aid available depend on your individual circumstances.
What Types of Financial Aid Are Available at Phagans?
It depends on what you qualify for! Phagans is a Title IV-approved school, which means students enrolled in eligible programs may qualify for federal financial aid.
Current federal financial aid options available to qualifying Phagans students may include:
Federal grants are a form of financial aid that generally do not need to be repaid, although exceptions can apply. Federal student loans are borrowed funds that must be repaid according to the terms of the loan.
In addition to federal financial aid for those who qualify, Phagans accepts internal and external scholarships and offers payment plan options. Explore our ways to manage the cost of your education to learn more.
What Are Common Questions About Beauty School Financial Aid?
We’re happy to answer them! Here are some of the most common questions and concerns we hear about paying for beauty school.
What if I don’t know anything about financial aid?
That’s OK! We understand that all of this can feel new and that you might have a lot of questions. After all, we’re a beauty school, which means we’re here to help you learn and grow.
At Phagans, our team can help you better understand the financial aid process and the options that may be available to you. Don’t be afraid to ask questions as you work through the process.
What if I don’t think I qualify for financial aid?
Don’t automatically rule yourself out. Completing the FAFSA® is free and can help determine whether you may qualify for federal student aid. The FAFSA® can also be used by states and schools when determining eligibility for certain other types of financial assistance.
If federal financial aid doesn’t cover all of your education expenses or you don’t qualify, Phagans also accepts scholarships and offers payment plan options.
What’s the difference between a grant and a loan?
Grants and loans function differently. Grants are generally funds that do not need to be repaid, although some exceptions can apply. Loans are borrowed money that must be repaid, typically with interest.
Understanding the difference can help you make more informed decisions when reviewing the financial aid options available to you.
What is Phagans’ FAFSA® school code?
Phagans School of Hair Design’s FAFSA® school code is 012350. Use this code when completing your FAFSA® so Phagans can receive your financial aid information.
How do I apply for financial aid?
To apply for federal student aid, complete the Free Application for Federal Student Aid (FAFSA®). The FAFSA® collects financial and other information that is used to determine your eligibility for federal student aid.
- Visit StudentAid.gov to start your FAFSA®.
- Create or sign in to your StudentAid.gov account.
- Enter Phagans’ school code: 012350.
- Complete the requested personal and financial information.
- Submit your FAFSA®.
- Work with the Phagans Admissions or Financial Aid Team to understand your eligibility and available options.
Can I get financial aid if I’m a part-time student?
Enrollment status can affect federal student aid eligibility and award amounts. If you are considering a part-time schedule, complete the FAFSA® and speak with the Phagans Financial Aid Team about how your enrollment status may affect the aid available to you.
What happens if I don’t maintain satisfactory academic progress?
Maintaining Satisfactory Academic Progress (SAP) is important for continuing to receive federal student aid. Students must meet applicable academic progress requirements to maintain eligibility.
If you are concerned about your academic progress or financial aid eligibility, talk with the Phagans Financial Aid Team about the policies that apply to your situation and any next steps that may be available.
Does FAFSA® cover cosmetology school?
The FAFSA® can be used to apply for federal student aid for eligible college, career school, and trade school programs. Phagans participates in federal student aid programs, so qualifying students enrolled in eligible programs may be able to receive federal financial aid.
Depending on your eligibility, federal aid at Phagans may include:
- Pell Grants: Federal grant aid that generally does not need to be repaid, although exceptions can apply.
- Federal Student Loans: Borrowed funds that must be repaid according to the terms of the loan.
- Parent PLUS Loans: Federal loans available to eligible parents of dependent undergraduate students.
What Other Types of Financial Assistance Are Available?
Federal financial aid isn’t the only potential way to manage the cost of beauty school. At Phagans, we accept external scholarships, internal scholarships, and offer payment plan options.
Scholarship opportunities can change throughout the year and may vary by student. If you want to explore these options, contact Phagans to learn more.
How Do I Start the Enrollment Process?
Are you interested in starting the enrollment process at Phagans? Fill out our enrollment information form, and our team can help you understand the next steps.
Financial aid is just one part of the enrollment process. You can also tour the school, learn more about your program, gather your application materials, meet with a Career Planner, and discuss your options for paying for school.
Why Does Accreditation Matter for Financial Aid?
Accreditation is an important consideration when researching beauty schools, but accreditation and eligibility to participate in federal student aid programs are related requirements rather than the same thing.
Phagans School of Hair Design is an accredited beauty school and is approved to participate in Title IV federal student aid programs. This allows eligible students enrolled in qualifying programs to apply for federal financial aid.
When you’re exploring your beauty school options, ask each school whether it participates in federal student aid programs if financial aid is an important part of how you plan to pay for your education.
Where Can I Learn More About Financial Aid?
Want to learn more about financial aid? Start with official Federal Student Aid resources:
You can also contact the Phagans Admissions or Financial Aid Team with questions specific to attending Phagans. Our team can help you understand the process and explore the options that may be available to you.
Financial aid is available to those who qualify.
