June 7, 2013
Potential beauty students may be wondering if they can get cosmetology school financing. The short answer to this question is yes. There are a number of ways that students can pay for their beauty course.
What is Cosmetology School Financing?
The phrase “beauty school financing” refers to the various ways that students can fund their studies. Some of these are listed below.
Get Financial Aid
Some cosmetology schools will offer certain students financial aid. Unfortunately, not everybody will qualify for financial aid. Schools hand out these funds by assessing the student’s financial situation. Generally students who come from low income homes qualify for this funding.
Get a Student Loan
The government provides loans to students who are studying at an accredited school. Almost anyone can qualify for these loans. As applicants have to pay back the loan when they start working, this option is usually a last resort.
Get a Scholarship or Grant
There are countless scholarships and grants available to cosmetology students. Unfortunately, many students disregard scholarships as they believe they are “too hard” to get. This is not the case. Many scholarships simply require students to fulfill basic criteria such as age and nationality. For example, there is one scholarship that grants money to beauty school students over the age of 35. Contrary to popular belief, not all scholarships are based on grade point average.
Get a Private Loan
Students also have the option of applying for a private loan with a bank or finance company. This option should not be explored unless the student has no other options. Unlike scholarships, private loans need to be paid back within a short amount of time. The high interest rates on these loans also make them undesirable.
How to Get Financing for Cosmetology School
The easiest way to get financing is for students to select a cosmetology school. Students can then approach the school and ask about financing options. Most schools have staff that are trained to discuss loans, scholarships and grants with students. Instead of sifting through hundreds of scholarships, students can ask the adviser which scholarships they qualify for.
Once students have this information, they can fill out an application form. The institution providing the scholar may ask the student to come in for an interview. After this the school will advise the applicant of whether their cosmetology school financing was approved.
Consider Avalon School of Cosmetology
If you are considering attending beauty school, please contact Avalon School of Cosmetology. We offer a number of courses in beauty, make-up and hairdressing also, we have a financial aid department that would be happy to access your enrollment. Our courses will teach you all you need to know about being a successful beautician. They are also useful for those who want to start their own salon one day.