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 for one academic year is $5,550. The maximum amount an Esthetics Student can receive for the program is $3,700. However, in most cases, the full amount of Pell is not always awarded. The Pell Grant is based on your information provided on the FAFSA (EFC), need, school costs, and enrollment status.
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.
- 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.
- A Full Time Dependent Undergrad student could borrow up to $5,500 in Stafford Loans within their first year.
- A Full Time Independent Undergrad student could borrow up to $9,500 in Stafford Loans within their first year.
- Parent Plus Loan – Available to parent’s of students with dependent status. This is a loan in the student's Parent Name. The parent applying must have a positive credit standing to be eligible. This loan has a fixed rate of 7.9%. 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 Stafford Loan funds up to $9,500.
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
