The Tiffin Academy is accredited by the National Accrediting Commission of Career Arts and Sciences (NACCAS) and approved by the United States Department of Education to allow our cosmetology students to possibly use Federal Financial Aid to assist with their tuition expenses.
A prospective student will need to complete the FAFSA form at studentaid.gov to determine their eligibility. The Department of Education will process this application and determine what, if any, programs the student is eligible to participate in.
Depending on the students family financial snapshot, our students may be able to use 2 types of aid.
PELL GRANTS: this is money allocated to what the Department deems to be the most needy families. These funds do not need to repaid provided the student completes their education with us. Not all students are eligible for these grants. Some students are eligible to receive the maximum amount available in an award year, (currently $7395.00) while others are eligible for a smaller amount and others not at all. The FAFSA is the determining factor.
STUDENT LOANS: these are monies that will need to be repaid by the student. Payments are not required on these loans until 6 months after the student leaves us. This allows you time to secure employment and get started in your career before you need to start payments. There are 2 types of loans the student could potentially use.
--SUBSIDIZED loans. The interest on these loans is deferred while the student is in school. Once they leave us the interest will begin to accrue and payments will begin 6 months after they leave.
-- UNSUBSIDIZED loans. These loans still do not require payment while you are in school but the interest does begin to accrue while you are here. The payments will begin 6 months after you leave us.
There are some cosmetology students who opt to not use financial aid. For those students we offer a payment plan. This can be customized to fit the individual situation. These payments can be set up for weekly, monthly or quarterly payment. We accept cash, check or credit card as forms of payment. We will discuss your options and set up a payment schedule that works for you. We do not charge interest or any type of fee to set up a payment plan.
There is no financial aid available for our advanced manicuring course. The course is only 300 hours long so therefore the Department of Education will not allow you to use financial aid, in any form, to fund that program. Those students will need to pay themselves. They can set up a payment plane as described above.
No matter what payment option you use, all tuition and fees MUST be paid in full prior to completion of your program.
For more information or for assistance in getting started with your FAFSA form, call, email or text us today to schedule a time to come in and discuss your options in more detail!
text or call: 419-447-3117 email: email@example.com« Back to Blog