Getting Started

Financial Aid

Understanding your Financial Aid Options

Obtaining a professional skill, vocation or career is one of the most important investments of time and money you can ever make. However, many people feel they cannot afford the tuition, the books and other necessary expenses to further their education. The opposite is, in fact, true. You cannot afford NOT to prepare yourself for increased competition and higher pay. Your investment in your education will repay you many times over. Financial Aid is available to those who qualify.

There are options available to assist you in making beauty school more affordable including PELL Grants, Student Loans, Career Training Loans and cash payment plans. Our Career Counselors will be able to give you the most up-to-date information on the programs and options available in your area.

Getting Started

Financial Aid

To get started with determining your financial aid eligibility, you’ll need to create your Personal Identification Number (PIN) at www.pin.ed.gov. You will need our school code, 013005, to create your pin

 Items to bring to your enrollment:

Provide References

Your Federal PIN

Your ID and Social Security Card

Your Proof of Education

Completed Application for Financial Assistance

General Cost of Attendance

In addition to tuition and fees for education, students face monthly living costs for room, board, personal expenses and transportation while enrolled in school. Students living with parents can expect the monthly living costs of approximately $811. Students living independently can expect approximate monthly living costs of $1583. Students with dependent children must also consider reasonable child care costs. It is important to remember, however, that room, board and personal expenses occur whether or not an individual is enrolled in career education.

Net Price Calculator

The Net Price Calculator was developed to help families of prospective students prepare for educational costs as part of the amended Higher Education Act of 1965. An individual student and parental financial information will be used to calculate an estimated, academic year net price that new students will pay after grants and scholarships (gift aid) to attend school and what their estimated total cost of attendance may be, including tuition, books, kits, room and board, personal expenses, as well as grants and scholarships.

5.50%

fixed rate – Direct Safford Loans

Subsidized and Unsubsidized Stafford Loans for Undergraduate Students

7.05%

fixed rate – Direct Safford Loans

Unsubsidized Stafford Loans for Graduate/Professional Students

8.05%

fixed rate – Direct Plus Loans

New Loans For Parents Of Dependent Undergraduate Students and For Graduate/Professional Students

Current Loan Interest Rates

Federal Stafford Loan and PLUS Loans first disbursed on or after July 1, 2023, and prior to July 1, 2024.

Student Loan Terminology to Know

Billing Service: Lenders often have one to handle monthly payments in a timely and efficient manner.

Credit Bureau: A nationwide agency that keeps track of your repayment activity. Car dealers, department stores, mortgage brokers and banks all will check your credit history with the Credit Bureau before agreeing to lend you money or fiancé your purchase.

Default: Failure by a borrower to repay. Your loan is considered in default if your payments balance is more than 180 days overdue.

Deferment: Agreed postponement in repayments of your loan.

Funding Assistance Availability

The campuses of Olympus Inc., including; Olympian Academy, Las Cruces, Albuquerque, Roswell; ITS Academy of Beauty – Wichita Falls, Hurst, Lawton, For Worth, Plano, El Paso, Denton, Mesquite and Irving and Olympus Beauty Academy – Phoenix are approved by the National Accrediting Commission of Career Arts and Sciences. The campuses of Olympus Inc., including; Olympian Academy, Las Cruces, Albuquerque, Roswell; ITS Academy of Beauty – Wichita Falls, Hurst, Lawton, For Worth, Plano, El Paso, Denton, Mesquite and Irving and Olympus Beauty Academy – Phoenix are determined eligible by the United States Department of Education to participate in Title IV Financial Aid Programs.

Student tuition may be paid by cash, check, money order or through financial aid which is defined as assistance that the student has been or will be awarded from Federal (if applicable), State, Institutional, or other scholarship, grant or loan programs.

Funds from Title IV federal assistance (if applicable) received by students will apply first to tuition owed and then to the student for education related expenses. All financial aid disbursements will be made in accordance with federal regulations and guidelines. Financial Aid will be credited to the student’s account at least twice during the academic year of 900 clock hours and 30 weeks. For half time students, Financial Aid will be credited to the student’s account at least twice during the academic year of 900 clock hours and 45 weeks. Students will receive notice of college financing, which states in writing how much and when disbursements will be made.

PELL GRANTS: Federal Pell Grants range in funding amounts from a minimum of $767 to approximately $7,395 per academic year. The amount depends upon the actual cost of attendance at the institution. The student must meet the institution’s satisfactory academic progress requirements in order to remain eligible for Pell grant disbursements. Pell Grants are primarily determined by the student’s family income and size as well as the cost of attendance at the institution.

WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM: To qualify for this loan, the student must be a resident of the United States or a non-resident attending an eligible post-secondary institution in Arizona. Any undergraduate or graduate/professional student who demonstrates financial need and is enrolled at least on a half-time basis in an eligible program at an eligible institution may apply for a Federal Direct Student Loan. The borrower’s repayment begins six months after the student graduates, withdraws or drops below half-time enrollment status. Students who do not qualify for interest subsidies under the William D. Ford Federal Direct Loan Program or who qualify only for partial annual loan limits and need additional assistance may apply for an UNSUBSIDIZED Direct Stafford Student Loan. The school may certify Direct loans (subsidized or unsubsidized) to be delivered to the student for costs other than tuition and fees.

Other forms of assistance may be available to qualified applicants from the Veteran’s Administration, Division of Vocational Rehabilitation, or other State approved agencies. For more information regarding financial assistance, how to obtain and applicable refund, or review sample refund calculations, contact the campus administration office. To obtain an applicable refund, a withdrawing student must contact the administration office, attend an exit interview and complete all required exit paperwork.

Are you Credit Worthy?

What You Need to Know About Your Student Loan

For the rest of your life, earning credit-worthy status will undoubtedly contribute to your opportunities. You want to have it said that you are “credit-worthy.” You must earn this praise and live up to it.

‘Credit worthy’ says to any stranger that you are someone who repays what you borrow. So trusted, you can get a car, home, vacation, or credit card more quickly.

BE ‘CREDIT WORTHY’. Know, for a starter, that your student loan requires that you repay it. So even if your education is not what you expected or circumstances make it difficult to repay – you must meet this loan obligation.

You accepted the obligation in signing a promissory note, and you must live up to its terms.