Once you have decided to attend cosmetology school, you then have to task of finding a way to pay for school. Cosmetology school can cost anywhere from $5,000-$30,000, depending on the school you choose to attend. Fortunately, there are many different options available to help you pay for your cosmetology degree. When applying for financial aid, keep in mind the following different options available to you.
Pell Grants are government grants which essentially give you money to attend school. These grants do not have to be repaid. Although this is the most desirable options for paying tuition, it is also the most difficult to qualify for. To qualify for this grant, you must meet the income requirement and be enrolled as a full time student.
The Stafford loan is a great way to fund your education. Although you will be required to repay this loan after the completion of your degree, it is available to nearly everyone who wishes to further their education. The amount of money you qualify for will be based on a number of things including your income, your parents income and your status as a full time or part time student.
Parent Plus Loan
The Parent Plus Loan is a great option for younger students. If you do not receive the amount of money required for tuition through a Pell Grant or Stafford Loan, your parents can receive this interest free loan to help you pay for your education.
The best way to find out if you qualify for these financial assistance opportunities is to fill out your FAFSA. After filling out this form, you and the financial aid counselor at the cosmetology school you chose can review the results and decide the best option for you.