Beauty School Financial Aid
Student Loans and Government Grants
At Grabber School of Hair Design, only cosmetology students are eligible for participation in the following financial aid programs:
Federal Pell Grants
- Maximum Pell Grant available for 2015/2016 is $5,815
Federal Direct Loan Program
Federal PLUS Direct Loan Program
Parent Loan for Underage Students
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).
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. The 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 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.|