Financial Aid/Verteran Benefits
Suffolk Beauty Academy is approved for use of Government Grant and Loan Programs as well as VA Benefits.
The GI Bill provides educational assistance to service members, veterans, and their dependents. Apply online if you know which benefits you want to use at GI Bill Application. If you don't have the capability to apply online, you can call 888-442-4551 to have the form mailed to you.
These resources cover everything an active duty or retired service member could want for the college planning process, including; how to plan for college with expert interviews from people who have been there, how-to guides for financial aid applications, and a list of the most military-friendly colleges in America.
Students interested in Title IV funds should consider the various programs:
1. Federal Pell Grant
2. Federal Direct Loans- Subsidized & Un-Subsidized
3. Federal Direct Loans- PLUS Loan/ Parent Loan
For more information about the Federal Direct Subsidized, Un-Subsidized and Parent PLUS Loan log on to www.StudentLoans.gov
General Eligibility for federal funds
You are enrolled at least half time (20 hrs a week)
You are a US. Citizen or eligible non-citizen
You are not in default on previous Direct or PLUS Loans
You do not owe a refund on a Pell Grant or SEOG at any school
You are making satisfactory progress in the program
You show that you have the need for student Aid
To apply for Title IV Funding the student must complete the FAFSA Application. The FAFSA application can be completed at Suffolk Beauty Academy Monday-Friday 9A.M. to 5P.M. where an Estimate can be given of what you will qualify for or you can complete the FAFSA online http://www.fafsa.ed.gov. FAFSA CODE 017015
Suffolk Beauty Academy participates in the following Federal Financial Aid programs:
Federal Supplemental Educational Opportunity Grant (FSEOG)
Maximum FSEOG per Academic Year: $500
Grant a form of Financial Aid that does not need to be paid back. The Pell Grant recipients take priority; funds depend on availability at the school.
Federal Pell Grant
Maximum Pell Grant per Academic 2018-2019 Year: $8,880
Grant a form of Financial Aid that does not need to be paid back. The Pell Grant is awarded on a need-based scale. Grants factor the cost of education at the school of choice, the student's financial situation and progress toward the completion of the program of study.
Federal Direct Loan
Maximum Subsidized Loan per Academic Year: $3,500
Maximum Unsubsidized Loan per Academic Year (for independent students only): $6,000
These low-interest loans are issued through the Federal Government. Eligibility for Subsidized and Unsubsidized loans is based on expected contributions from family members and analysis of the student's expenses.
Federal PLUS Loans
Maximum PLUS Loan per Academic Year: Calculated based off total need in dollars minus other financial aid received.
Also issued through the Federal Government, this program exists to help parents pay for the cost of their child's undergraduate education. These funds may be used for tuition, supplies, housing and more.
Whether a grant or a loan, the amount of distribution is determined by the need of the particular student. The school makes an evaluation on the individual based off the application for Federal Student Aid and SBA's Financial Aid application.