Overview of the Financial Aid Process
All Programs
1) Apply for Scholarships!
At any point in your education, you can apply for outside scholarships. If you are awarded an outside scholarship, please report them to the Financial Aid Office. Your Award Letter will be rerun, and if necessary, your loans will be reduced (Cosmetology only).
https://www.creativehairschool.com/scholarships
Cosmetology Only
2) Apply For Federal Student Aid by filling out the FAFSA Online
The FAFSA is the Free Application for Federal Student Aid. Filling it out and entering our school code counts as an initial application for Pell Grants and Direct Subsidized and Unsubsidized Loans at Creative Hair School of Cosmetology.
School Code: 040553
Depending on when you start, you may need to fill out a FAFSA for more than one award year. Check with the Financial Aid Office!
2024-2025 FAFSA
Attending between July 1, 2024 and June 30, 2025
2022 Tax Return
2023-2024 FAFSA
Attending between July 1, 2023 and June 30, 2024
2021 Tax Return
3) Complete Entrance Counseling and sign a Master Promissory Note
Entrance Counseling provides valuable information about student loans and loan borrowing. The Master Promissory Note is a legal agreement between you and the U.S. Department of Education to repay any student loans that you borrow.
Sign the Master Promissory Note for Undergraduates
Important Note!: You are responsible for repaying your loan according to your repayment schedule even if you do not complete your academic program, if you are dissatisfied with the education you received, or if you are unable to find employment after you graduate. If your loans go into default, you are ineligible for receiving further federal student aid, the defaulted loan is reported to credit bureaus, your tax refunds and federal benefit payments may be withheld and applied toward repayment of your defaulted loan (this is called “Treasury offset”), and your wages may be garnished.
4) Confirm Eligibility with the Financial Aid Office
FAFSA Review
The Financial Aid Office will confirm your eligibility for Federal Student Aid. We will check your FAFSA for potentially incorrect, missing, or conflicting information. We also check to see if the U.S. Department of Education has flagged your FAFSA for verification or other required actions (for instance, clearing a defaulted student loan). If any issues are found, we will contact you to request additional information or documentation and tell you your next steps.
Note: Sometimes an action taken to resolve one issue will trigger another issue. For instance, the U.S. Department of Education may select a corrected FAFSA for verification, even if the original FAFSA was not.
For some common eligibility issues, including verification, an unusual enrollment history flag, or a defaulted loan, please check
https://www.creativehairschool.com/verification
Start Classes!
The final step to establishing your initial eligibility for Federal Student Aid is starting classes!
For more eligibility requirements, please check:
https://www.creativehairschool.com/federal-student-aid
5) Sign Your Award Letter
Once your eligibility has been confirmed, the Financial Aid Office will create your Financial Aid Award Letter. The Award Letter will list all the Federal Student Aid you are currently eligible for at Creative Hair School of Cosmetology (and any scholarships you have received). Once you have received your Award Letter, you will have the option to accept or decline some or all of the aid listed (for instance, you may want to decline some or all Direct Unsubsidized Loans.)
Depending on when you start, an additional award letter may be needed.
6) Financial Aid is Disbursed/Student Stipend Checks are Sent Out
Once you reach each SAP checkpoint (Hours 1, 451, 901, and 1201) your charges for the payment period (listed on your Enrollment Agreement) are posted to your ledger and we perform an eligibility check. If you remain eligible for Federal Student Aid, we notify the U.S. Department of Education, and they disburse your Federal Student Aid for that payment period. If your total financial aid for that period is more than your charges, the remaining balance is given to you in the form of a student stipend check (sometimes called a refund check).
For Tuition and Fees, please check :
https://www.creativehairschool.com/tuitionfees
7) Repeat Steps 2, 4, and 5!
Depending on when you start and exactly when you reach each SAP checkpoint, you may need to repeat Steps 1, 3, and 5. Make sure you check with the Financial Aid Office to find out what needs to be done and when.
8) Complete Exit Counseling
Any student who takes out Federal Student Loans must complete Exit Counseling once they graduate, leave school for any reason, or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. You’ll also be able to select the repayment strategy that best meets your needs.