Financial Aid (available to those who qualify)
International Beauty Education Center is approved by the U.S. Department of Education to participate in several federal aid programs. Additional information may be found in the Student Guide published by the Department of Education. In order to qualify for financial assistance all applicants must complete a Free Application for Federal Student Aid (FAFSA). The application can be completed online at fafsa.ed.gov or by contacting a financial aid officer. The Academy’s school code is 042529.
To be eligible for student aid an applicant must:
- Have a high school diploma, a General Education Development (GED) or the equivalent
- Be enrolled as a regular student working toward a degree or certificate in an eligible program
- Be a U.S. citizen or an eligible non-citizen
- Have a valid Social Security Number (SSN)
- Comply with Selective Service registration if required (males only)
- Not owe a refund on a federal grant or be in default on a federal student loan
Note: Student assistance funds are intended for educational purposes only. All students must meet the eligibility requirements at all times. Not all aid programs are available for students in all educational courses/programs.
Types of Federal Financial Aid
International Beauty Education Center participates in the following student aid programs (additional descriptions for these programs may be found in the Student Guide published by the U.S. Department of Education.
- Federal Pell Grant: A Federal Pell Grant, unlike a federal loan, does not have to be repaid. This is a grant to assist undergraduates who have not earned a bachelor’s or a professional degree. For current maximum Federal Pell Award amounts, visit http://studentaid.ed.gov/types/grants-scholarships/pell.
- Federal Direct Subsidized Loan: Direct Subsidized loans are available to undergraduate students who demonstrate financial need. The school determines the amount a student can borrow and the amount may not exceed the student’s financial need. The U.S. Department of Education pays the interest on Subsidized loans while the student is in school, and during periods of deferment. Subsidized loans must be repaid. For maximum loan amounts and current interest rates, visit: http://studentaid.ed.gov/types/loans/subsidized-
- Federal Direct Unsubsidized Loan: Direct Unsubsidized loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. The school determines the amount a student can borrow by considering the cost of attendance and other financial aid received. Unsubsidized loans must be repaid. Students are responsible for paying the interest on Unsubsidized loans during all periods. Students can choose not to pay the interest on Unsubsidized loans while in school and during grace periods or forbearance periods; however, interest will accrue (accumulate) and be capitalized (that is, interest will be added to the principle amount of the loan when the student goes into repayment). For maximum loan amounts and current interest rates, visit: http://studentaid.ed.gov/types/loans/subsidized-
How to apply:
- Apply at the school Financial aid office or click the button below
Once you get there:
- Click on Start a New FAFSA and follow the instruction on the screen
- Choose the appropriate year for FAFSA APPLICATION to fill out
- Enter School Code 042529 on your application so school can process your financial aid.