October 23, 2018
The Financial Aid Process at Phagans School of Hair Design
Beauty career dreams start with an education. Here at Phagans School of Hair Design, we know that the scariest part of beginning your beauty school journey can be figuring out how to pay for your program. Don’t worry! We have a trained team of Financial Aid Administrators and a talented Director of Admissions who are all here to help you launch your future with us!
The Financial Aid Process
Financial aid is available in all of our programs to those who qualify.
Our school code is 012350
Where Do I Begin?
During your tour of Phagans, our Admissions Team will discuss your plans for financing your education and provide personalized guidance tailored to your needs. If you require further assistance, we can arrange a meeting with our Financial Aid Team to explore your options in detail. Whether you are a first-generation college student or have previous college experience, we are here to help you navigate your financial aid possibilities. No question is too big or too small; we are dedicated to ensuring you have the information and support you need to make informed decisions about your education.
What Can Phagans Assist Me With?
If you’re interested to see what financial aid options may be available to you, our financial aid team can help assist you through the Free Application for Federal Student Aid (FAFSA®). Part of filling out the application is getting your paperwork together and creating an FSA ID. They are pros at helping students get the required documents together. We strongly encourage you lean on their expertise!
What Types of Funding is Available?
It depends on what you qualify for! We are a nationally accredited school, so we are able to accept several types of Title IV funding.
Did you know that federal grants, a form of financial aid that typically does not need to be repaid, are available to eligible students based on financial need? These grants can significantly reduce the cost of your education. When exploring financial aid, consider all options, including federal and state grants, scholarships, work-study programs, and federal student loans. Each type of aid has specific eligibility criteria and application processes, so it’s important to research and understand your options thoroughly to maximize your financial support.
I Have a Few Questions…
We’re happy to answer them! Here are some of the most common questions or concerns we hear:
- What if I don’t know anything about financial aid?
That’s OK! We understand that all of this can feel new and that you might have a lot of questions. After all, we’re a beauty school, which means we’re here to help you learn and grow. At Phagans, we sit down with you one-on-one to help you understand the process. At larger institutions, you might do most of your preparation online and at home, but we strive to create an intimate and tailored experience.
- I don’t qualify for financial aid.
You don’t know what you don’t know! Always fill out the FAFSA® because, after all, it’s free! You might qualify for aid or more aid than you think. Additionally, there are other forms of financial assistance such as scholarships and work-study programs that you might be eligible for.
- What’s the difference between a grant and a loan?
Grants and loans function differently. Grants are typically funds that do not need to be repaid, whereas loans are borrowed money that must be repaid with interest over a set period of time. For detailed information, explore these options on the Financial Aid website to understand which might be best for you.
- What is Phagans’ school code?
Our school code is 012350. Use this code when filling out the FAFSA® to ensure your application is processed correctly.
- How do I apply for financial aid?
To apply for financial aid, you need to complete the Free Application for Federal Student Aid (FAFSA®). This form collects your financial information and determines your eligibility for various types of aid, including grants, loans, and work-study programs. Visit the official FAFSA® website to get started.
- Can I get financial aid if I’m a part-time student?
Yes, part-time students may still be eligible for financial aid. The amount and types of aid available can vary, so it’s important to fill out the FAFSA® and check with our financial aid office to understand your options.
- What happens if I don’t maintain satisfactory academic progress?
Maintaining satisfactory academic progress (SAP) is crucial for continuing to receive financial aid. If you fail to meet the SAP standards, you may lose eligibility for financial aid. However, there are often opportunities to appeal and regain eligibility by meeting certain conditions. Consult with our financial aid office for guidance if you are facing academic challenges.
- Does FAFSA cover cosmetology school?
Yes, the Free Application for Federal Student Aid (FAFSA®) can cover cosmetology school, provided that the school is accredited and participates in federal student aid programs. By completing the FAFSA®, you can determine your eligibility for various types of financial aid, including:
- Federal Grants: These are need-based funds that do not have to be repaid. Examples include the Pell Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG).
- Federal Student Loans: These are low-interest loans that you must repay after graduation. They can help cover the cost of tuition, supplies, and other education-related expenses.
What Other Types of Financial Assistance Are Available?
Interested in learning more about other financial options? At Phagans we accept external scholarships, internal scholarships, and we even offer payment plans. If you want to explore any of these other types of assistance, click here to contact us today!
How to Start The Process
Are you interested in starting the enrollment process at Phagans? Simply fill out our form, and we’ll be in contact with you shortly. Beauty school is waiting. Give us a call today at 833-840-9039
Accredited vs. Non Accredited Institutions
What allows Phagans School of Hair Design to offer Title IV aid to our students? It’s all about accreditation!
In order to be eligible to offer financial aid to qualifying students, schools must attain and maintain accreditation through National Accrediting Commission of Career Arts & Sciences (NACCAS). This accrediting body ensures standards that schools across the nation are upholding a standard of quality. It takes hard work and time to become accredited. Because Phagans cares about our students and we want to be able to offer all we can to them, we continue to maintain the high standards required to be an accredited institution.
When you’re exploring options for your beauty school education, it’s essential to ensure that the schools you consider are accredited. Attending an accredited school is a key requirement for eligibility to receive federal financial aid, including grants, loans, and work-study programs. Accreditation ensures that the institution meets established standards of quality and that your education will be recognized by employers and licensing boards.
Financial Aid Resources
Want to learn more about financial aid? Here are some great resources for students:
