At Robert Fiance Beauty Schools of New Jersey, we offer a variety of Financial Aid and Scholarship opportunities to those who qualify. Our Admissions and Financial Aid Advisors are here to answer all your questions and provide you with assistance through the entire application process. To learn more, schedule a visit at one of our campuses and our advisors will get you started.
Types of Financial Assistance Available
All Robert Fiance Beauty Schools are approved for federal financial assistance through Title IV of the Higher Education Act, which consists of Federal Pell and SEOG Grants, which are not repaid, and low-interest federal student loans, which are repaid at affordable monthly payments starting six months after leaving school. Most students are eligible to apply for assistance. Our Financial Aid Office can help you every step of the way with your FAFSA application. For students who may not be eligible for federal financial aid, Robert Fiance schools offers many other affordable and convenient payment plans to help you get started.
Financial Aid 101
Grants are financial awards that you do not have to repay. Grants are based on the student’s Expected Family Contribution (EFC). The EFC is calculated by the U. S. Department of Education using the information such as income and household size provided on the Free Application for Federal Student Aid (FAFSA). Students with a lower EFC have a greater potential to receive grants. Robert Fiance Beauty Schools is eligible to disburse two types of Federal Grants:
PELL GRANTS & SEOG GRANTS
Award amounts increase slightly every award year and maximum amounts vary per program. SEOG Grants are only available to students who are eligible for maximum pell grants. Our financial aid administrator will help you understand what you may or may not qualify for.
A loan is a form of financial aid that you must repay with interest, usually after you graduate or leave school. To be considered for federal student loans, you need to file a Free Application for Federal Student Aid (FAFSA) and you must meet all eligibility criteria required for receipt of federal assistance.
Federal student loans may be subsidized or unsubsidized. With subsidized loans, the U. S. Department of Education pays the interest while you are enrolled in college and you must demonstrate financial need to receive these. With unsubsidized loans, you pay all of the interest, but payments may be deferred until you finish your degree. Unsubsidized loans are awarded regardless of family income or financial need.
Parent PLUS Loans
PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay for school. PLUS loans can help pay for education expenses not covered by other financial aid. One of the eligibility requirements to receive a Direct PLUS Loan is that the applicant must not have an adverse credit history. A credit check is performed to determine whether a Direct PLUS Loan applicant meets this requirement.
Promissory Note and Entrance Interview
To receive a federal loan, you need to sign a Promissory Note and complete the required entrance counseling documentation with the Financial Aid Office.
Federal Loan Limits
There are limits on the amount that a student may borrow under the Direct Loan Program for one academic year. There are also cumulative limits on the total amount a student may borrow to pursue their education. Financial Aid Services uses the National Student Loan Database Service (NSLDS) to determine your total loan aggregates. Refer to your Student Aid Report (SAR) for your loan aggregates, it is important for you to monitor your loan aggregates to ensure you do not borrow beyond your eligibility.
- Dependent undergraduate students in their freshman year may borrow up to $5,500(no more than $3,500 may be subsidized),
- If you are an independent student or a dependent student whose parent has been denied the PLUS loan you may borrow additional unsubsidized loan up to $4,000.
The interest rate for Federal Direct Loans varies depending on the loan type and first disbursement date. Visit Federal Student Aid for more information on the Direct Loan program.
If you have begun repaying loans, you may be eligible for a loan deferment when you return to school. Contact your loan servicing center to find out more.
Several flexible repayment options are available. Visit Federal Student Aid for more information on the Direct Loan program.
Direct Loan Links
Direct Loan Information: Find out about applying for Direct Loans, learn about the options you have for repayment, use the interactive calculators, download Direct Loan deferment and forbearance forms, and get information about Direct Loan Consolidation.
Direct Loan Master Promissory Note: Complete your William D. Ford Federal Direct Loan promissory note online. Don’t worry, we have a kiosk in our financial aid office for you to complete this on-site.
The National Student Loan Data Systems: An online tool to obtain information regarding your student loan history, overpayments, Pell Grant history, and enrollment history.
New Jersey Division of Vocational Rehabilitation Services mission is to enable individuals with disabilities to achieve employment outcomes consistent with their strengths, priorities, needs, abilities and capabilities.
The Division of Vocational Rehabilitation Services is here to help individuals with disabilities that are having trouble finding or holding a job because of their disability. If you have a disability that is preventing you from working, or which is endangering your present employment, you may wish to submit a referral for services. Click HERE to read more about how to apply for funds from the NJ DVR.
Robert Fiance Schools is also pleased to offer private tuition financing through TFC Credit Corp. This is a non-credit based financing option for students who don’t qualify for financial aid or who need to finance a portion of their tuition. It is available and pre-approved for all students.
Loan terms can extend up to 7 years for certain programs. Interest rates are determined by your down payment. Tuition payments are made monthly to TFC. A co-signer may be required if you are under the age of 24. There is no penalty for early repayment and Robert Fiance Schools offer students and graduates FREE refinancing for the life of your loan.
TFC Credit Corporation is affiliated with all the major credit reporting agencies. Keeping in good standing can help you establish credit for the first time, improve a weak credit rating or solidify a good credit profile.
TFC CREDIT CORPORATION199 Jericho Turnpike Floral Park, NY 11001
Toll Free: (800) 832-2733
Fax: (516) 358-6357