August 28, 2020

5 Ways To Pay For School

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Don’t put your dreams on hold because you are worried about money! There are so many financial aid options available to those who qualify, there’s no reason not to go to school. We can walk you through what those options are, how to apply for financial aid, and what scholarships we offer at Summit Salon Academy Perrysburg.

1. Federal Loans and Grants

Anyone can apply for financial aid! This Summit Salon Academy is approved by the Department of Education to offer financial aid to those who qualify. By filling out the Free Application for Federal Student Aid (FAFSA®), you can determine if you qualify for grants or loans from the school.

Loan and grants can help you out with tuition, living expenses, and books.

You can often get low interest rates if you qualify for a loan while in beauty school. It’s a good idea to look for a loan that you can start paying in small monthly payments or one that starts payments after you finish beauty school.

You might qualify for a Pell Grant. A grant is typically an award given to you. Unlike a loan, this is something that you will not be required to pay back. The most common grant is a Pell Grant, which can be determined by your financial aid status. To see if you qualify for a Pell Grant, you must first fill out the FAFSA®.

FAFSA® can be quick and easy to apply for as long as you have all of your financial information near you. If you’re fresh out of high school getting ready to go to beauty school, you’ll often need your parents or guardian to fill out a portion of the FAFSA®.

You can watch these guided videos released by the Federal Student Aid department for help setting up an account and applying. You can use our school code when asked your preferred school: 041668. If you need further assistance you can contact an admissions counselor.

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2. Scholarships

Summit Salon Academy is partnered with the American Association of Cosmetology and Beauty Changes Lives, which offer over 100 scholarship opportunities. Scholarships are typically awarded to students who have high academic achievement or who align with their values.

While starting the application process for these awards might take some work, such as submitting a written essay or a long application form, it’s worth it! Scholarships are similar to grants meaning that you are given money that you won’t have to pay back. Check out our scholarships page to learn about common scholarship opportunities that could be available to you!

3. Private Loans

If you would rather take out a loan at your personal bank, sometimes that can be a good option. Personal banks or other local credit unions can often offer you a low interest rate depending on your credit score and income.

4. Work Full Time and Do School Part Time

You can have the option to work full time and do school part time! If you are good at balancing your time, you can work full time while going to beauty school.

Our Advanced Esthetics Program and Advanced Nail Programs offer half-time schedules. We also offer evening schedules for those who are working during the day. Schedules are predetermined, so you’ll have to check out the schedule for your program to see if it will fit with your full time career.

5. Payment Plans

Payment plans are an option, and they can make it so that you don’t have to pay everything at once. Our payment plans are interest free, which means it would be cheaper than taking out a loan. If you are working and saving your money, you might benefit from setting up a payment plan with us.

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When Can I Start?

Now you know that money won’t hold you back, it’s time to start looking into programs! All of our programs accept a variety of forms of financial aid, which means you can choose what you love! Whether you have a passion for cosmetology, or prefer the intricate details of nail art, you can do what interests you most at Summit Salon Academy Perrysburg.

Book a tour and an academic advisor and they can walk you through financial aid, our beauty programs, and show you around the school.

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