Financial Aid & Scholarships

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.

Student Loans

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.

Interest Rates

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.

Loan Deferments

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.

Loan Repayment

Several flexible repayment options are available. Visit Federal Student Aid for more information on the Direct Loan program.

Financial Aid Basics

Repaying Your Loans

• Direct Loan Basics
• Repaying Your Loans
• Non-Citizen Eligibility

ACE Grants are designed to help you begin your career in cosmetology. ACE Grants are the first ever industry-wide effort to encourage highly motivated and qualified individuals to join the world of cosmetology. To find out more about ACE Grants, Click Here. 

The Beauty Changes Lives Foundation offers scholarships and celeb mentorships throughout the year. Opportunities are available for prospective & current students, as well as licensed Cosmetologists. To find out more about Beauty Changes Lives, Click Here.

Future students of the beauty disciplines – including cosmetology, barbering, esthetics and skin care, nail technology, makeup artistry and several others can apply for these $2,500 scholarships for cosmetology school. This beauty school scholarship is awarded four times per year, and may be used at most schools nationwide. The scholarship recipient is selected from the pool of individuals who submit their scholarship applications before the deadline each quarter, and meet the eligibility criteria outlined in the rules.  Deadlines: January 31, April 30, July 31 and October 31 each year. To find out more about Beauty School Directory, Click Here.

The Face Grant was established in 2013 as a private industry-sponsored educational grant made available to aspiring makeup artists at participating makeup schools. The program was developed to help future professionals get the education and formal training they need to launch their careers. The Face Grant program was created by a team of makeup artists and education professionals, whom believe that quality education is the foundation to success. Our lives have been significantly molded by both our appreciation for the beauty industry and the profound impact the industry has made on us. Now, it is time for the next generation of passionate, committed artists and stylists to rise above.

The FACE Grant was created with the intention of helping the most enthusiastic and creative artists pay for education so that they can achieve their dreams without the limitation of finances. The Face Grant is a private grant, hosted and awarded by industry sponsors, granted only to registered students at eligible makeup schools. The Face Grant program is in no way affiliated or funded by any federal financial aid, it is completely private sponsored aid.

Scholarships are available for current cosmetology school students and those interested in pursuing a career in cosmetology or barbering. These GREAT scholarships can be used at any cosmetology or barbering school in the US and Canada. In 2015, we awarded $100,000 in scholarships. To check out available opportunities, please CLICK HERE!

The Joe Francis Haircare Scholarship Foundation was established in 1994 by his wife of 39 years, Flo Francis, and the many people whom Joe Francis advised and mentored to their own success in the industry. The mission of the foundation is to help deserving students receive financial assistance for the professional training necessary to build successful, long-term careers in the cosmetology industry. Applications are accepted January 1st through June 1st each year. Click here for information on the Joe Francis Haircare Scholarship!

PBA (Professional Beauty Association) has multiple scholarships available for current and future cosmetology school students. The top 3 scholarships offered through PBA are the PBA Lifetime Member Scholarship, Sally Beauty Supply Scholarship, and Minerva Beauty Scholarship. Please check the website HERE and apply to as many opportunities available. If you need assistance completing the questionnaire please call the school!

Four scholarships in the amount of $1,250 are awarded each year to eligible individuals for training in cosmetology and related fields (barber, esthetics,nail technology). The application form is attached and may be downloaded from the NIC website at www.nictesting.org. Recipients of the scholarships will be announced at the annual NIC conference.

Each year, Jeannette Rankin Fund awards scholarships to low-income women, ages 35 and older, who are U.S. citizens or permanent residents pursuing an undergraduate education at an accredited college or university in the United States. To learn more and apply, CLICK HERE.