Professional Documents
Culture Documents
Finance
Finance
• The primary source of Financial Aid that Federico Beauty Institute offers is Title IV Federal
Funding.
• Title IV Funding consists of Federal Pell Grants, Federal SEOG Grants, AND Federal Direct
Stafford Students Loans and the PLUS (parent) Loans, depending on what you qualify for.
• Federal Grants are given out based upon financial need, considering various qualifications
such as income, family size, assets, etc.
• Student Loans are not based on credit worthiness, yet there is a maximum amount that stu-
dents are allowed to take out per academic year. PLUS (parent) Loans are based on a credit
check, and if qualified they may apply for a loan up to the cost of the education.
• To apply for Title IV Funding the student must meet with a Financial Aid Advisor, submit a
completed FAFSA form, log onto www.fafsa.ed.gov enter Department of Education school
code #007253. Other sources of Financial Funding can include, but are not limited to:
- Adult Education Funds (if available)
- Industry Scholarships
- Vocational Rehabilitation
- VA Approved Benefits
- SETA or WIA Funding
- Private Scholarships acquired on an individual basis (example: Bureau of Indian
Affairs, CIMC, Rotary, Kiwanis, Various Salon Chain Scholarships, etc.) also check out
www.fastweb.com for scholarship searches.
• We also accept monthly cash or credit payments.
Cost of Attendance
These are the current costs for our courses; however these prices are subject to change.
Esthetics Course:
Esthetics Costs:
Tuition and Registration Fees: $7,285.00
Supplies Estimate: $1,800.00
STRF (Student Tuition recovery Fund): $18.00
General Fees Total: $9,103.00
Additional Cost:
State Board Fees Estimate: $40.00
Cosmetology Course:
Tuition and Registration Fees: $12,885.00
Supplies Estimate: $3,200.00
STRF (Student Tuition Recovery Fund): $33.00
General Fees Total: $16,121.00
Extra cost not covered by Financial Aid: State Board fees, additional supplies if needed.
Reporting Requirements
Federico Beauty Institute will report informa-
tion to the IRS on all students enrolled for the
tax year. A student’s Social Security Number
(SSN) is the key to reporting, to ensure that
accurate and complete information is provid-
ed to the IRS, Federico Beauty Institute must
have a SSN for each student enrolled.