The Barber School participates in Financial Aid Programs to assist students who need money to attend school. Whether a student is eligiblefor assistance, and how much, is determined by the need of theparticular student. Each case is different. The Federal Financial Aid Programs which the school makes available are;
Federal Family Education Loan Program (FFELP)
The Free Application for Federal Student Aid (FAFSA) and FFELP forms are available in the Financial Aid office. The FAFSA form must be completed first then processed via Internet by the school with the proper office listed on the form. Our Financial Aid office will assist every student that needs help with their applications.
In general, you are eligible for Federal Aid if you meet the following requirements:
1. You must be enrolled at least half-time.
2. You are a U.S. Citizen or an eligible non-citizen.
3. You show that you have financial need.
4. You are making satisfactory progress in your program of study (See Satisfactory Progress Statement).
5. You are not in default on a National Direct Student Loan (NDSL), F.F.E.L. or PLUS/SLS Loan.
6. You do not owe a refund on a Pell Grant.
7. You have not earned a baccalaureate or first professional degree.
8. You must sign a statement that you understand how Federal Student Aid funds work and that only Stafford Loans get pay back.
9. You must sign a statement of registration status on Form 3 indicating you have registered with the Selective Service, if you are required to do so. (Males only)
If an applicant is selected for verification through the central processing center, Financial Aid office will advise the student about the verification process, have them sign the verification procedures documents and worksheet and then we will furnish them a copy. The original documents will be maintained in the students financial aid file.
Federal Student Aid is awarded on the basis of financial need. Need is the difference between your cost of education and an amount you and your family are expected to contribute toward your education. A standard formula used for all applicants determines this amount, which is called the Expected Family Contribution (EFC). The information you report on your aid application is used in calculating your contribution. The amount leftover after subtracting the expected contribution from your cost of education is considered your financial need.
Pell Grant is a type of post-secondary program, educational federal grant program sponsored by the U.S. Department of Education.
Federal Family Education Loan Program (FFELP) is a United States Department of Education program that provides for private organizations to market, originate, and service federally guaranteed loans, such as Stafford and PLUS loans to students and their parents.
REFUNDS DUE TO TITLE IV PROGRAMS
The school will determine the amount of a refund in accordance with Federal Regulation, Return of Title IV Funds. After the school has determined the amount of the refund which must be returned, the school will first return all sums to the F.F.E.L. Program, then the Pell Grant Programs and finally the S.E.O.G. Programs.