The student financial aid programs at Fashion Focus Hair Academy are
designed to assist students who would find it difficult to attend
without financial assistance.
Fashion Focus Hair Academ offers the following types of financial assistance:
• Federal Grants
• Federal Student Loans
Fashion Focus Hair Academ is approved by the United States Department of Education
to offer the following Title IV programs for post-secondary education to
• Federal Pell Grant
• Federal Direct Loans (Subsidized and Unsubsidized)
• Federal Direct PLUS Loans
Financial aid eligibility requirements
• Be a U.S. citizen or eligible non-citizen
• Demonstrate financial need
• Hold a high school diploma, a general education diploma (GED)
• Be enrolled or accepted for enrollment as a regular student working toward a certificate in an eligible program
• Have a valid Social Security Number
• Make satisfactory academic progress
• Register with Selective Service
How is financial aid determined?
The basis of determining a student’s
financial need will be an analysis of the financial status of the
student’s and/or the parents’ income. This analysis is accomplished by
completing a Free Application for Federal Student Aid (FAFSA)
distributed by the U.S. Department of Education.
Where can you find financial aid forms?
• In your high school guidance counselor’s office
• Via the U.S. Department of Education’s website - FAFSA on the Web www.fafsa.ed.gov
What factors determine financial need?
• Cost of attendance
• Expected family contribution
• Financial need
What types of student financial aid are available?
FEDERAL PELL GRANT
A Federal Pell Grant, unlike a loan, does not have to be repaid.
Generally, Pell Grants are awarded only to undergraduate students who
have not earned a Bachelor’s or professional degree. For many students,
Pell Grants provide a foundation of financial aid to which other aid may
TYPES OF FEDERAL STUDENT LOANS ARE:
Federal Direct Subsidized Loan
- Direct Subsidized Loans are available to undergraduate students with financial need.
- Your school determines the amount you can borrow, and the amount may not exceed your financial need.
- For a subsidized loan, the U.S. Department of Education pays the interest
○ while you’re in school at least half-time,
○ for the first six months after you leave school (referred to as a grace period*), and
○ during a period of deferment (a postponement of loan payments).
*Note: If you receive a Direct Subsidized Loan that is first
disbursed between July 1, 2012, and July 1, 2014, you will be
responsible for paying any interest that accrues during your grace
period. If you choose not to pay the interest that accrues during your
grace period, the interest will be added to your principal balance.
Federal Direct Unsubsidized Loan
- Direct Unsubsidized Loans are available to undergraduate and
graduate students; there is no requirement to demonstrate financial
- Your school determines the amount you can borrow by considering the cost of attendance and other financial aid you receive.
- For an unsubsidized loan, you are responsible for paying the interest during all periods.
- If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance
periods, your interest will accrue (accumulate) and be capitalized
(that is, your interest will be added to the principal amount of your
More Financial Aid Resources
Department of Education - The Student Guide - Federal financial aid information
The Smart Student Guide to Financial Aid - Scholarship search and financial aid information
Federal Direct Loan Program
FAFSA site - Apply for FSA User ID and Password
SFA Ombudsman - Resolve loan disputes and problems
FAFSA (Federal Application for Student Aid) Online
Complete online Direct Loan entrance counseling
Complete online Direct Loan exit counseling
Selective Service System - register online Here
Internal Revenue Service - tax information Here