Pell Grants are federally funded and awarded based on a student’s Expected Family Contribution (EFC), Cost of Attendance, and Enrollment Status. Here’s what you need to know:

• Eligibility: Determined through the submission of a FAFSA to the Department of Education.
• Repayment: Pell Grants do not need to be repaid.
• Award Amount: The amount can vary for each student, with a maximum of $5,650 per Academic Year (900 hours).
• Credit Impact: This funding does not affect your credit.
• Application: Fill out the Free Application for Federal Student Aid (FAFSA®) to determine if you qualify.

If you need assistance with your application, our Financial Aid Officer is here to help. For more information about Pell Grants, visit the FAFSA® website

Supplemental Education Opportunity Grants (SEOG) are federally funded grants awarded based on the following criteria:

• Eligibility: Determined through submission of a FAFSA to the Department of Education, based on a student’s Expected Family Contribution, Cost of Attendance, and Enrollment Status.
• Repayment: SEOG grants do not need to be repaid.
• Award Amount: Not affected by other aid sources.
• Availability: Granted on a first-come, first-served basis, starting July 1 each year, with priority given to students with the highest need.
• Funding: Limited funds are allocated to this program each year.

Be sure to apply early to increase your chances of receiving this grant.

Direct Subsidized Loans are available to students based on their financial need, as determined by the FAFSA and the school’s financial aid administrator. Here are the key points:

• Eligibility: Based on demonstrated financial need.
• Interest: Interest-free while the student is enrolled at least half-time, and during authorized grace and deferment periods.
• Repayment: Interest is charged during repayment or forbearance periods.
• Payment Requirements: Students are not required to make payments while enrolled at least half-time, but they may choose to make regular or interest-only payments during this time.

This loan option helps manage educational expenses without the burden of interest accruing while you’re focused on your studies.

Direct Unsubsidized Loans are available to students regardless of their financial need. Key points include:

• Eligibility: Not based on financial need, but determined by the school’s financial aid administrator and the FAFSA.
• Interest: Begins accruing immediately after disbursement.
• Deferral: Interest charges can be deferred during at least half-time enrollment, grace periods, and deferment periods, but will be capitalized (added to the loan balance).
• Repayment: Students are not required to make payments while enrolled at least half-time. However, they have the option to make regular or interest-only payments during this period.

This loan option allows students to cover educational expenses with the flexibility to manage interest accrual according to their financial situation.

Direct Parent PLUS Loans are long-term, low-interest federal loans available to parents of undergraduate students. Key points include:

• Purpose: To supplement other financial aid and help cover the family contribution portion of educational costs.
• Eligibility: Parents at all income levels can apply, subject to credit approval.
• Student Requirements: The student must be enrolled at least half-time in an approved program.
• Creditworthiness: Eligibility is based on the borrower’s creditworthiness.
• Alternative Options: If a parent is denied a PLUS loan due to adverse credit, the dependent student may become eligible for the Unsubsidized Loan Program.

For more information or to apply, visit the federal financial aid website. Details on disbursements, credit balances, and repayments can be found in the Shear Excellence Hair Academy Catalog.

Florida Prepaid is an excellent way to fund your education, and it isn’t limited to traditional colleges. While you can use the benefits of your Florida Prepaid College Plan at Shear Excellence Hair Academy, the FL Prepaid College Board does not endorse any specific educational institution. Terms, conditions, and limitations are determined by Florida Prepaid College.

Note: Shear Excellence Hair Academy does not influence eligibility decisions for Florida Prepaid. For more information, please visit www.myfloridaprepaid.com.

Veterans Education Benefits are provided by the Veteran’s Administration to qualified U.S. Armed Forces veterans. Shear Excellence Hair Academy is approved by the State Approving Agency for Veterans and accepts various VA benefits, including the POST-9/11 GI Bill® at both campuses. Dependents and spouses of veterans may also be eligible. The GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA).

For more information about VA education benefits, visit the official U.S. government website at https://www.benefits.va.gov/gibill. Contact us to learn more about using veteran benefits at Shear Excellence Hair Academy. Our on-campus Certifying Officials will guide you through the application process.

Shear Excellence Hair Academy provides students with zero-interest in-house payment options, in addition to the other funding services available. We offer affordable, contracted payment schedules for those who wish to pay their tuition independently or supplement their payment plans alongside other options. For more details, please contact our Financial Aid Department.