• College Administration | (928) 692-8802

    Financial Assistance

    The U.S. Department of Education offers several Financial Aid programs for eligible students enrolled in eligible programs at All Beauty College: Federal Pell Grants, Federal Direct Subsidized and Unsubsidized Stafford Student Loans, and Federal Direct Parent PLUS Loans. Realize receiving federal financial aid does not constitute an offer of employment.

    The following is a brief overview of the aid available. For more detailed information of Financial Aid, please request an appointment with our Financial Aid Administrator.

    Federal Pell Grants:

    The Pell program is a need based program, which does not have to be repaid, if you complete the course. They are awarded to help eligible students pay for their education after high school, if they attend an accredited school that is eligible to participate in Title IV programs. The amount of Pell grant funds the student will be awarded will depend on their own financial situation as well as the length and cost of the course they are taking.

    Direct Stafford Loans:

    These are educational loans that may be available up to a maximum of $3,500.00 in subsidized loan funds and $2,000.00 in unsubsidized loans for a dependent student and $3,500 subsidized loans and $6,000.00 for an independent student in the first academic year (1 – 1040 hours). Subsidized loans are need based and the federal government pays the interest while students are in school. Unsubsidized loans are not need based; interest is either paid or allowed to accrue during a student’s time in school and through the grace period. During the second academic year (1041 – 1600hrs), both dependent and independent students may qualify for a maximum of $3,500 in subsidized loans. Dependent students may be eligible for up $1,555 and independent students may be eligible for up to $4,667 in unsubsidized loans. Loans are disbursed by payment period. The payment periods in the cosmetology program are at 150, 520, 1040, and 1320 hours. In the nail tech/aesthetician programs the payment periods are at 150 and 300 hours. Funds will first be credited to tuition and excess funds will be disbursed to the student. Your final loan eligibility is based on several factors including but not limited to: your estimated family contribution, cost of attendance, and total Pell awards. Because these are loans, not grants, the student must repay these funds after graduation. The interest rate on a student loan is adjusted annually, but has a maximum cap of 8.25%. Please visit http://studentaid.ed.gov/About/announcements/interest-rate for the current interest rate. Repayment does not begin until six months after the student leaves the school. The six month grace period gives the student a chance to acquire their license and get their career started before repayment begins. When repayment does begin, the payments can be as little as $50.00 per month and that includes principal and interest; however the payments usually average approximately $100.00-$120.00 per month for graduates who utilize more than one loan. Publications regarding student loans are available in the Financial Aid office on campus.

    PLUS Loans:

    These loans are for parents who want to borrow money to help pay for their child’s education. The interest rate on these loans is adjusted annually, but has a maximum cap of 9%. Please visit http://www.studentloans.gov for the current interest rate. Repayment begins while the student is enrolled in school, unless the parent requests a deferment. Parent must have good credit to be approved for this loan, but if the parent is denied for a PLUS loan, the dependent student will become eligible for the independent student loan amounts listed above.

    Veteran’s Benefits:

    The Fort Mohave, Lake Havsasu, and Kingman location are an eligible institution for VA Education Benefits. All locations must be open for two years before the VA will offer education benefits to attend. We anticipate VA availability at the Lake Havsasu campus in September 2017. For more information regarding your benefits, please visit http://www.gibill.com or http://www.armystudyguide.com


    Many scholarships are available to prospective and current students. A good resource for beauty scholarships is http://beautyschools.org/careers-in-beauty/grants_scholarships/.

    Applying for Financial Aid

    In order for a student to receive any Federal Financial Aid (loans or grants), the Free Application for Federal Student Aid (FAFSA) must be correctly completed and either mailed or electronically transmitted to the processor. The processor will then send a Student Aid Report (S.A.R.) to the student and the school indicating the student’s official eligibility for Federal Financial Aid. The free application is available at the School or on line at http://www.fafsa.ed.gov. Our Federal School Code/OPEID is 041742. There is one school code for all campuses.

    If a student intends to borrow student loans, in addition to completing the FAFSA, the student must complete entrance counseling and a master promissory note, both of which can be found at http://www.studentloans.gov