Interested in Financial Aid? See below for FAQs
How Do I Apply for Government Aid?
- You must first fill out a FAFSA form. You will need a copy of your previous year’s income tax return for this process.
- If you are considered independent, you will need only your Income tax information.
- If you are considered dependent, you will also need your parent's
income tax information for the same year.
- Please review Brown Aveda Institute’s Steps to fill out FAFSA section
What is the difference between a “dependent” and an “independent” student?
- Dependent: classified by the government as someone under the age of 24, not married, with no dependents.
- Independent: classified by the government as someone who does not meet at least one of the criteria for dependency status.
What is a PIN Number?
- A PIN is a 4-digit number that is used in combination with your Social Security Number, name, and date of birth to identify you as someone who has the right to access your own personal information on Federal Student Aid Web sites, such as FAFSA on the Web. If applicable your parents may need to apply for a PIN as well.
- The security of your PIN is important because it can be used to:
- Electronically sign Federal Student Aid documents
- Access your personal records, and
- Make binding legal obligations.
How do I know which FAFSA to fill out?
- Contact the Financial Aid Department at Brown Aveda Institute for further details.
What Types of Government Financial Aid are Available to Me?
We offer two types at Brown Aveda Institute; Pell Grants and Stafford Loans. Once our school receives your completed FAFSA, we will be able to determine how much you are eligible to receive.
PELL GRANT- Money that does not have to be repaid. The maximum a Cosmetology Student can receive during a school program is $4,310. The maximum amount an Esthetics Student can receive is $2,652. However, in most cases, the full amount of Pell is not always awarded. It is based on your information supplied on the FAFSA.
LOANS -Money that HAS to be repaid. There are (2) types of Loans available depending on student's circumstances and whether they are considered dependent or independent. In addition, there is a loan that a Parent can take, called the Parent Plus Loan.
a. Stafford Loan (subsidized and unsubsidized) - These are loans in the student's name. A subsidized loan does NOT accrue interest while the student is in school. An unsubsidized loan DOES accrue interest while the student is in school. However, the student has the option to defer payment of the interest while attending their program. The student will begin repayment of their loan approximately six months after they graduate and will continue to make payments until the loan is paid off within the ten year time frame. The interest rate is variable but will never exceed 8.25%. You can get current rates by contacting our Financial Aid Office. A Cosmetology student is eligible for $3,500 in a Stafford Subsidized Loan and an Esthetics student is eligible for $2,333.
b. Parent Plus Loan - This is a loan in the student's Parent Name. The parent applying must have a positive credit standing to be eligible. This loan is a variable interest bearing type but will never exceed 9.0%. Payments begin after the second disbursement of loans while the student is in school. Under the circumstances that a parent is denied the Plus Loan, the student is automatically eligible to receive additional monies in Stafford Loans.
Does Financial Aid cover all School Costs?
No. Student must pay for the Application, Registration, Kit Fees, and any remaining balances that the government does not cover.
What is Brown Aveda Institute’s School Code?
036263
