Financial Aid & Scholarships

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.

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.

Info Videos

Financial Aid Basics

Repaying Your Loans

G-I BILL®: Department of Veterans Affairs

Robert Fiance Schools are approved for the Post 9/11 GI Bill® for Veterans and their dependents. If you have at least 90 days of aggregate active duty service after Sept. 10, 2001, and are still on active duty, or if you are an honorably discharged Veteran or were discharged with a service-connected disability after 30 days, you may be eligible for this VA-administered program. For more information, please click here. To apply to one of our programs using your benefits, please call an admissions advisor at the campus of your choice and arrange a meeting to begin your registration paperwork. *GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at

One-Stop Career Center: NJ Department of Labor & Workforce Development

Students who are unemployed may be able to get a portion of their tuition paid for through the New Jersey Workforce grant provided through your local One-Stop Career Center. Program and applicant eligibility varies in each County so you will need to find your local one-stop career center or unemployment office and inquire with them. After you are registered for an upcoming class session, our financial aid office will work with you to prepare the required verification documents needed to submit to your One-Stop counselor. Funds through one-stop usually cap at $4,000.

NJ Department of Vocational Rehab

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.

Private Tuition Financing

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.

Credit Building:
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.

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ACE Grant

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

Beauty Changes Lives Foundation

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.

Beauty Schools Directory

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.

FACE Grant

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.

Great Clips: The Great Scholarship Program

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

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!

Professional Beauty Association

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!

Aurie J. Gosnell Scholarship by NIC Testing

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 Recipients of the scholarships will be announced at the annual NIC conference.

Jeannette Rankin Fund for Women

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.

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