Dollars & Sense: The Cost of Cosmetology School

For some, deciding on a career path is difficult; butattendance records and previous accolades in
for those who already know what they want, thecosmetology. Some are based are merit, financial
difficult step may be how to get there. Ifneed and/or experience. The American Association of
cosmetology school is the avenue of choice, it canCosmetology Schools, AACS, also offers the ACE
seem overwhelming when looking for financialgrant specifically for cosmetology students attending
solutions. Fortunately, there are many financial aida qualified school. The Sports Clip scholarship is given
outlets to make funding your cosmetology educationto 10 to 12 cosmetology students who attend a
a breeze.qualifying school.
The first step in searching for financial aid is filling outAn additional option is personal loans. Personal loans
the Free Application for Federal Student Aid, bettercan be taken out through a financial institution such
known at the FASFA. This application is the gatewayas a bank or credit union. The problem with personal
to loans, scholarships and aid of any kind. The onlyloans is high interest rates, even with good credit,
stipulation with using federally funded money is theand they can be challenging to qualify for, especially in
school chosen needs to be eligible to participate inthe current economy.
federal financial aid programs. If they are eligible, visitOftentimes, schools have a financial department
FASFA’s Web site, FASFA.ed.gov, and it will takedesigned to assist student with tuition through
you step-by-step through the application process.school-provided financial aid, assistance with outside
Once the application is complete, students becomeaid, including scholarships and/or loans, or flexible
eligible for all types of aid such as scholarships, loanspayment plans.
or aid directly from the school.Some students also choose to work while attend
If the school of interested doesn’t participate inschool as a means to pay tuition without the need
federal financial aid programs, there are oftenfor loans. For those who choose this route, flexible
scholarship programs willing to assist students. Everyclass schedules enable students to work in the day
school is different and every scholarship has aand attend classes at night or vice versa.
different criterion, including school grade average,