The following outlines several Funding Sources available, see the administrative Director / Financial Aid Advisor for further details
Pell Grants are Federal Aid programs entitling undergraduate students to a financial grant that does not need to be repaid. Eligibility is based on financial need.
To apply for the grant, a student must be enrolled at least on a Part-Time schedule in any qualified program at the Ohio State College of Barber Styling. Applications for the Pell Grant are available in the Administrative Office.
A student who has a Bachelor's Degree, or who has defaulted on a Student Loan is not eligible to receive the Pell Grant.
Supplemental Educational Opportunity Grant (SEOG)
The Supplemental Educational Opportunity Grant is a federally funded grant, available to a student who has exceptional financial need. A student who is awarded a SEOG Grant must first submit an application for the Pell Grant, and receive a Pell Grant award. SEOG funds are limited.
A Direct Subsidized Loan (also referred to a Federal Direct Stafford / Ford Loan.) This loan is from the U.S. Department of Education and is calculated on the basis of a student's financial need, and other specific eligibility requirements. The federal government does not charge interest on these loans while the borrowers are enrolled:
- At least on a Part-Time schedule
- During a six (6) month grace period following graduation
- During authorized periods of deferment.
Students interested in obtaining more detailed information may do so by submitting their request in writing to the Ohio State College of Barber Styling Administrative Office.
Direct Unsubsidized Loans
Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive. You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
Maximum Financial Aid eligibility for qualified students (per award year):
|Pell||$0 to $6495|
|Direct Loan-Sub||$0 to $3500|
|Direct Loan-Unsub||$0 to $6000|
The Ohio State College of Barber Styling is approved to assist Veterans, Reservists, National Guardsmen and Eligible Dependents who qualify for the GI Bill ® or VA Education Benefits. See the Executive Administrative Director / Financial Aid Advisor for further details.
GI Bill ® Website.
If you have questions about your Title IV program funds, you can call the Student Aid Information Center at 1-800-4-FEDAID (1-800-433-3243)
For more information and resources for financial aid, visit the following websites:
Information on Student Aid: www.studentaid.ed.gov
Federal Aid Student Handbook: www.ifap.ed.gov
FAFSA Website: www.fafsa.ed.gov
National Student Loan Data System: www.nslds.ed.gov