Beauty School Financial Aid
Student Loans and Government Grants
At Grabber School of Hair Design, Cosmetology Program and Esthetician Program students are eligible for participation in the following financial aid programs:
Federal Pell Grants
- The maximum Federal Pell Grant available for 2018/2019 is $6,095
Federal Direct Loan Program
Federal PLUS Direct Loan Program
Parent Loan for Underage Students
Note: Nail Tech Program students are not eligible for these financial aid programs.
The parent whose credit is approved can borrow what they need to complete their child's tuition requirements. The U.S. Department of Education considers a student to be a dependent unless he/she is:
|Over 24 years of age||Married||Has Children|
|Was an Orphan or Ward of the Court||Armed Forces Veteran
||Armed Forces Active Duty
To receive student financial aid, you need to fill out a free application for federal student aid (FAFSA) every school year. First, make an appointment to meet with our financial aid administrator. She can assist you in completing the FAFSA form, plus answer your questions regarding qualified loans and payment schedules.
If you prefer to do this on your own, visit www.FAFSA.ed.gov and fill out the form. You will be allowed to complete and submit your financial aid application electronically. When prompted, enter the Grabber School of Hair Design code (017279).
Loan Entrance Counseling
Procedures to apply for Federal Direct Loans
- Establish your Federal Student Aid User Name and Password at https://fsaid.ed.gov/.
- Complete the Free Application for Federal Student Aid (FAFSA). List Grabber School of Hair Design as your school (017279). If the results of your processed FAFSA indicate you are selected for verification, submit a verification worksheet and copies of all appropriate tax documentation to the Financial Aid Director.
- If you have not previously received a Direct Loan, the federal government requires that you complete entrance counseling at www.studentloans.gov. You will need your Federal Student Aid User Name and Password to complete. Entrance counseling helps ensure that you understand the responsibilities and obligations you are assuming. You must complete entrance counseling before you can receive the proceeds of your first Direct Loan. To learn more, be sure to download the Direct Loan Entrance Counseling Guide.
- Complete a Master Promissory Note (MPN) at www.studentloans.gov IF you do not already have an active MPN on file with the US Department of Education. You will need your Federal Student Aid User Name and Password.
- Submit a completed Loan Information Sheet to the financial aid administrator. Be sure to complete all data and SIGN your application.
Loan Exit Counseling
Student borrowers who are graduating, leaving school, or dropping below half-time enrollment are required to complete exit counseling as required by law. Exit counseling provides important information that you will need as you prepare to repay your federal student loan(s). During exit counseling, you will review the terms and conditions that apply to your federal student loans.
To learn more, be sure to download the Direct Loan Exit Counseling Guide.
The Grabber School Financial Aid Director would be happy to assist you with all of these requirements and is available to answer any questions that may arise. Please call (314) 966-8888 to learn more.
Code of Conduct for Processing Student Loan Applications
Grabber School of Hair Design has participated with the William D. Ford Federal Direct Loan Program since 2008. Since our students only use Federal Direct Loans, Grabber does not use lending institutions or have a need for a preferred lender's list. The Grabber will, upon student request, certify student eligibility for private alternative loans. Since these loans use various lending institutions, the Grabber is publishing the following Code of Conduct for Processing Student Loans to ensure that its employees avoid the perception of a conflict of interest in connection with their responsibilities related to providing and administering student loans.
|1. Grabber School of Hair Design does not enter into a revenue-sharing arrangement with any lender.|
|2. No Grabber School of Hair Design employee who has responsibilities with respect to education loans, will solicit or accept any gift or other thing of value from a lender, guarantor, or servicer of education loans. Certain items provided or contributed by lenders are not considered gifts, such as training materials.|
|3. No Grabber School of Hair Design employee who has responsibilities with respect to education loans, will accept from any lender any fee, payment or other financial benefit as compensation for any type of consulting arrangement or other contract to provide services to a lender.|
|4. Grabber School of Hair Design will not select, assign or refer a student to a particular lender or refuse to certify, or delay certification of, any loan based on the borrower's selection of a particular lender or guaranty agency.|
|5. Grabber School of Hair Design will not request or accept from any lender any offer of funds to be used for private education loans to students in exchange for the campus providing concessions or promises to the lender.|
|6. Grabber School of Hair Design does not request or accept from any lender assistance with admissions staffing or financial aid office staffing.|
|7. No Grabber School of Hair Design employee who has responsibilities with respect to education loans, who serves on an advisory board, commission, or group established by a lender or guarantor, will receive anything of value for such service.|