Your (and your spouse's, if you are married) last yearís Federal Income Tax Return - IRS Form 1040, 1040A, 1040EZ, 1040Telefile, or foreign tax return; if you have not yet filed, youíll need good estimates of the amounts involved
Your last yearís untaxed income records - Social Security, Temporary Assistance to Needy Families, welfare, or veterans benefits records (if applicable)
We strongly recommend that you set up an appointment with the school Financial Aid Office. We will give you all the pertinent information you need to get into school. We will help you complete the financial aid application to avoid some of the most common errors people make on the paper FAFSA. The FAFSA must be signed by the student and a parent of dependent students. The school will allow you to take the form home to be signed by your parent. Dependent students must provide parental income information, even if their parents do not help them with their educational costs.
At the end of your financial aid appointment, you will know which date you can begin class, usually within the next 2 weeks.
Once your FAFSA has been submitted, youíll receive a Student Aid Report (SAR) from the U.S. Department of Education, either by e-mail or postal mail. When you receive the SAR, carefully review it to make sure that all the information is accurate. If everything is accurate, you donít need to do anything else with the SAR. Shortly after you receive your SAR, Seguin Beauty School will receive the same information from the U.S. Department of Education. At that point, you may be selected for verification . If so, you will be asked to submit additional documentation to our office. If not selected, you may simply be eligible for financial aid awards to help you pay for your Cosmetology program.
The Seguin Beauty School Financial Aid Office telephone number is 830-372-0935.
FINANCIAL AID INFORMATION
Federal student aid is awarded on a need basis for each applicant. Need is the difference between the cost of your education (education expenses such as tuition, fees, room, board, books, supplies, and other expenses) and the amount the student and his/her family can afford to pay. This is determined by the standard formula established by the U.S. Department of Education. Need is determined by evaluating the information from the Free Application for Federal Student Aid (FAFSA). Factors such as income, assets and benefits are considered in determining the student’s financial needs.
FINANCIAL AID PROGRAMS
Grants typically do not have to be repaid and are usually need-based. Applying for grants is done by completing the FAFSA application at the financial aid office or by visiting, www.fafsa.ed.gov. Seguin Beauty School participates in the Federal Pell Grant program.
• Federal Pell Grant: A Federal Pell Grant is a free grant that does not have to be repaid. The student must complete the FAFSA in order to determine eligibility for the Federal Pell Grant. If the student is eligible for a Pell Grant, the award amount eligibility ranges from a minimum of $555 to maximum of $5,550 for the 2011-2012 award year.
• The information provided on the FAFSA application will be used to determine student eligibility. Awards vary based on financial need and fund availability.
Low interest loans may be available to students. A completed FAFSA application must be submitted to determine loan eligibility. Subsidized Loans are need-based, while Unsubsidized Loans are not need-based. The school participates in the William D. Ford Direct (Subsidized/Unsubsidized/PLUS) Loan Program:
• William D. Ford Federal Direct Subsidized Loan: A need-based loan from the federal government from which the government pays for the interest on the loan while the student is enrolled in school. Repayments and interest begin six months after the last day of attendance (LDA).