Let’s Get You Started!
Anyone enrolling prior to June 30, 2018 will be required to complete TWO FAFSAs:
1. 2017-2018 FAFSA using your 2015 Tax Information
2. 2018-2019 FAFSA using your 2016 Tax Information
3 Easy Steps to Financial Aid
- Step 1
- Step 2
- Step 3
Create a FSA User ID at www.fafsa.gov.
Go to www.fafsa.ed.gov and complete the Free Application for Financial Student Aid (FAFSA). Submit it using your FAFSA ID. You will then receive a Student Aid Report (SAR) via email. The Expected Family Contribution (EFC) on this report is used to determine the amount of grant money awarded to you, if any.
Unity Cosmetology College’s School Code is: 041708
NOTE: This email notification you receive from the Department of Education will include an amount that you may receive. However, the actual amount you will be awarded may be different. Our Financial Aid Administrator will also receive this as well as additional information.
Please review all information with our Financial Aid Administrator for clarification prior to making a decision about your future.
Please keep your password in a safe place. Your password cannot be retrieved again. All information will have to be resubmitted if you cannot gain access to it.
Step 3 will be done after the Financial Aid Administrator reviews the Institutional Student Information Record (ISIR) with you.
Go to www.studentloans.gov and submit your Master Promissory Note (MPN) for subsidized/unsubsidized loans. This needs to be done in order to package loans. Submit it electronically and print a copy to give to your Financial Aid Administrator. This website will allow you to complete Entrance Counseling as well, which needs to be completed to disburse your first payment. Print out the certificate at the end of your counseling session and give it to the Financial Aid Administrator also.
Master Promissory Note and Entrance Counseling are submitted using your PIN.
All of the above websites can also be access from www.studentaid.ed.gov.
Pell Grants are the foundation of federal student aid. These grants are awarded based on a student’s Expected Family Contribution, Cost of Attendance, and Enrollment Status, and do not need to be repaid.
Federal Direct Stafford Loans (student loans)
Federal Direct Stafford Loans are available as subsidized, unsubsidized, or a combination of both types. Students are not required to make payments on either type of loan while enrolled at least half-time at an eligible educational institution. The amount available in Federal Direct Stafford Loan funding will vary for each student. Standard repayment begins after the loan grace period, or 6 months after the student graduates or leaves school.
Federal Direct Subsidized Stafford Loans
Federal Direct Subsidized Stafford Loans are awarded based on each student’s demonstrated financial need. These loans are interest free while the student is enrolled at least half-time at an eligible educational institution or during authorized grace and deferment periods. Interest is charged when the loan is in a repayment or forbearance status.
Federal Direct Unsubsidized Stafford Loans
Federal Direct Unsubsidized Stafford Loans begin to generate interest charges immediately after disbursement. These charges may be deferred during at least half-time enrollment, grace, and deferment periods, but they will be capitalized (added to the outstanding loan balance).
Direct PLUS Loans
Direct PLUS Loans are low-interest loans for the parents of dependent students. Parents of all income levels are eligible for consideration pending credit approval. Students whose parents are unable to obtain credit approval for a PLUS loan may qualify for additional funding through the Federal Stafford Loan program.