See If Financial Aid is Available To You!

The student financial aid programs at Stage One The Hair School are designed to assist students who would find it difficult to attend without financial assistance.

Stage One The Hair School offers the following types of financial assistance :
• Federal Grants
• Federal Student Loans
• State Financial Assistance

Stage One The Hair School is approved by the United States Department of Education to offer the following Title IV programs for post-secondary education to eligible students :
• Federal Pell Grant
• Federal Direct Loans (Subsidized and Unsubsidized)
• Federal Direct PLUS Loans

Financial aid is only available to those who qualify.

Financial Aid Eligibility Requirements

• Be a U.S. citizen or eligible non-citizen
• Demonstrate financial need
• Hold a high school diploma, a general education diploma (GED)
• Be enrolled or accepted for enrollment as a regular student working toward a certificate
in an eligible program
• Have a valid Social Security Number
• Make satisfactory academic progress
• Register with Selective Service if required

How Is Financial Aid Determined?

The basis of determining a student’s financial need will be an analysis of the financial status of the student’s and/or the parent’s income. This analysis is accomplished by completing a Free Application for Federal Student Aid (FAFSA) distributed by the U.S. Department of Education. The Federal School Code of Stage One The Hair School is 016747.

Where Can You Find Financial Aid Forms?

• In your high school guidance counselor’s office
• In the financial aid office at Stage One The Hair School
• Via the U.S. Department of Education’s website – FAFSA® Application | Federal Student Aid

What Factors Determine Financial Need?

• Cost of attendance
• Expected family contribution (EFC)
• Financial need

Programs Eligible For Title IV Funding

Title IV funding is available for the following programs:
• Cosmetology 1,500 Clock Hour
• Teacher Training 600 Clock Hour

What Types Of Student Financial Aid Are Available?

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are
awarded only to undergraduate students who have not earn’ed a Bachelor’s or professional
degree. Also, students have to demonstrate financial need. For many students, Pell Grants
provide a foundation of financial aid to which other aid may be added .

Types of Federal Student Loans

Federal Direct Subsidized Loan
• Direct Subsidized Loans are available to undergraduate students with financial needs.
• Your school determines the amount you can borrow, and the amount may not exceed
your financial need .
• For a subsidized loan, the U.S. Department of Education pays the interest
o while you’re in school at least half-time, o for the first six months after you leave school (referred to as a grace period *), and o during a period of deferment (a postponement of loan payments).

Federal Direct Unsubsidized Loan
• Direct Unsubsidized Loans are available to undergraduate and graduate students; there
is no requirement to demonstrate financial need .
• Your school determines the amount you can borrow by considering the cost of
attendance and other financial aid you receive.
• For an unsubsidized loan, you are responsible for paying the interest during all periods .
• If you choose not to pay the interest while you are in school and during grace periods
and deferment or forbearance periods, your interest will accrue (accumulate) and be
capitalized (that is, your interest will be added to the principal amount of your loan).

Louisiana Office of Student Financial Assistance (LOSFA)
The Taylor Opportunity Program for Students (TOPS) (Authored by State Representative Charles R. McDonald): a program of state merit-based scholarships for Louisiana residents who attend either one of the Louisiana Public Colleges and Universities, schools that are a part of the Louisiana Community and Technical College System, Louisiana approved Proprietary and Cosmetology Schools or institutions that are a part of the Louisiana Association of Independent Colleges and Universities.

Louisiana Workforce Commission – Louisiana Rehabilitation Services
Louisiana Rehabilitation Services (LRS) assists persons with disabilities in their desire to obtain, maintain or advance in competitive integrated employment and achieve independence in their communities by providing rehabilitation services and working cooperatively with business and other community resources.

Students are encouraged to apply for one type or a combination of the types of financial aid available.

Financial Aid Helpful Links

LOSFA (TOPS) State Scholarship
https://mylosfa.la.gov/

Louisiana Workforce Commission – Louisiana Rehabilitation Services (LRS) https://www.laworks.net/workforcedev/lrs/lrs main.asp

FSA ID – Apply for FSA User ID and Password
https://studentaid.gov/fsa-id/create-account/launch

FAFSA (Federal Application for Student Aid) Online
https://studentaid.gov/h/apply-for-aid/fafsa

Direct Loan Entrance Counseling (pdf-file)
 https://studentaid.gov/sites/default/fi les/loan-entrance-counseIing.pdf

Complete online Direct Loan Entrance Counseling
https://studentaid.gov/entrance-counseling

Direct Loan Exit Counseling (pdf-file)
https://studentaid.gov/sites/default/files/ exit-counseling.pdf

Complete Online Direct Loan Exit Counseling
https://studentaid.govIexit-counseling

Student Contact Information and Acknowledgement of Exit Counseling (pdf-file)
https://studentaid.gov/sites/default/fiI es/loan-exit-counseling-contact-info-
acknowledgement.pdf