Financial Aid

Financial Aid Programs
Opelousas School of Cosmetology is approved by the United States Department of Education to offer the following federal financial assistance programs where an eligible student is awarded a grant or loan for post-secondary education:

Federal PELL Grant : awarded only to undergraduate students who have not earned a bachelor's or professional degree; does NOT have to be paid back.

Federal Direct Subsidized Stafford Loan: low interest fixed rate loan for students attending school at least half-time; awarded on basis of financial need; interest does not accrue while students are attending school, during grace period and authorized periods of deferment; Must be paid back.

Federal Direct Unsubsidized Stafford Loan: low interest fixed rate loan for students attending school at least half-time; not awarded on basis of financial need; interest will accrue while students are attending school, during grace period and authorized periods of deferment; Must be paid back.

Federal Direct PLUS Loan: low interest fixed rate loan for parents who want to borrow to help for their child's education; only available to parents without adverse credit histories; Must be paid back.

To be eligible to receive financial aid, a student must be enrolled as a regular student on at least a half-time basis.

ELIGIBILITY REQUIREMENTS
Have a financial need
Enrolled as a regular student in approved program
Have a valid Social Security Number
Is a U.S. citizen or eligible non-citizen
Have a High School Diploma, General Education Diploma (GED), or HiSET
Is not in default on any Federal Title IV student loans or owes a repayment on any Federal grant
Registered with Selective Service (males only)
Has not been convicted of a drug offense while receiving federal financial aid
Maintains Satisfactory Academic Progress

BASICS OF DETERMINING FINANCIAL AID
The basis of determining a student's financial need will be an analysis of the financial status of the student's and/or parents' income.  This is accomplished by completing a Free Application for Federal Student Aid (FAFSA).  These forms are available in your high school guidance counselor's office, our financial aid office, or on the web at http://www.fafsa.ed..gov .  A student's financial need is based on cost of attendance, expected family contribution, and financial need.

In order to provide an estimated net price information based on your individual circumstances, you can use our net price calculator