The Financial Aid Department at Hollywood Institute of Beauty Careers provides assistance to students who need financial aid in order to pay tuition expenses at the school. The Financial Aid Department has established procedures which assure fair and consistent treatment of all applicants. Financial Aid is available for those students who qualify.
Hollywood Institute of Beauty Careers has been granted approval by the Florida Department of Veterans Affairs (FDVA) State Approving Agency (SAA) to train Veterans and other persons eligible for education benefits under Title 38 U.S.C.
As an Eligible Educational Institution, Hollywood Institute of Beauty Careers is authorized to accept Florida Prepaid to cover qualified expenses including tuition, fees, and the cost of books, supplies and equipment required for the enrollment or attendance.
TYPES OF FINANCIAL AID
The amount of aid a student receives at Hollywood Institute of Beauty Careers is based on cost of attendance, Expected Family Contribution (EFC), enrollment status (full time/part time) and length of attendance within an academic year.
The main criterion for receiving grants is substantial financial need. Grants do not have to be repaid unless a student becomes ineligible. Students must maintain satisfactory academic progress as defined in the Hollywood Institute of Beauty Careers Satisfactory Academic Progress Policy.
How to Fill Out the FAFSA
Subsidized loans are also awarded based on financial need. The government pays the interest while a student is still enrolled in school.
Interest is only charged once repayment begins.
- Federal Pell Grant – A Federal Pell Grant is an award to assist need-based undergraduates in paying for their education. Students who have achieved a bachelor’s degree are not eligible for a Federal Pell Grant.
- Federal Supplemental Educational Opportunity Grant Program (FSEOG) – Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on available funds and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attending school.
STUDENT LOAN PROGRAMS
Hollywood Institute of Beauty Careers offers a variety of low interest loans that enable students to meet their educational costs. Educational loans MUST BE PAID BACK. Interest charges vary with the type of loan, and a minimum monthly payment may be required.
- Subsidized and Unsubsidized Stafford Loan – In the Federal Direct Loan Program, repayment begins six (6) months after a student drops below half-time status or six (6) months after completion of the program. The subsidized loan has a fixed interest rate that is determined each year by the federal government. This loan is need based. Unsubsidized loans are non-need based loans to students who meet the qualifications. The loan is based on the cost of attendance less any other financial aid a student receives. The interest is charged through the life of the loan.
- Federal Direct and FFEL PLUS Loans – The Federal PLUS Loan (FPLUS) programs provide non-need based loans to parents of dependent students. PLUS loan eligibility is based on the cost of attendance less any other financial aid a student receives. Repayment on a Federal PLUS begins within (60) sixty days after the final loan disbursement. These loans have fixed interest rates determined annually by the federal government.
NOTE: A student’s financial aid is solely the responsibility of the student. Each student is responsible for correctly completing all applications and processing paperwork in a timely manner. If student aid is not received by Hollywood Institute of Beauty Careers while the student is in school, the student is responsible for all tuition and fees due to Hollywood Institute of Beauty Careers.
Click here to start the application process: Submit a Free Application for Federal Student Aid (FAFSA) Now!
Hollywood Institute of Beauty Careers’ Federal School Code: 041625
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Students who are unable to pay the tuition and fees in full may arrange a payment plan to be paid monthly or weekly to the school. Contracts are not sold to third parties; however, the school reserves the right to assign any unpaid balances to an outside agency for collections. Students in need of financial assistance will meet with the Financial Aid Department prior to enrollment in order to assess a payment plan. An installment plan will be set up based upon the student’s ability to make scheduled payments over the length of the program with a minimum down payment made prior to the first day of class.
Scholarship opportunities may be available to students through various industry partners and organizations. Our Financial Aid Department can provide you links to possible scholarship opportunities students can apply for.