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You and your future are worth investing in. While some of our students pay cash for their tuition and fees, other students who come to Georgie International Beauty Institute may be eligible to receive some kind of financial assistance. This assistance comes from public and private grants, scholarships and loans.
TUITION PAYMENT OPTIONS:
Federal Aid: Georgie International Beauty Institute offers four types of Financial Aid to those who qualify. Call now or email MGardner@georgieinternationalbeauty.com to schedule an appointment with our Financial Aid Administrator, or go to www.fafsa.ed.gov and apply using Georgie International Beauty Institute School Code #042624.
Pell Grants: For those students who demonstrate need, the Federal government will award those students up to $5,730 per academic year. These grants do not have to be paid back, unless you quit school.
Direct Subsidized Loans: Subsidized loans are need based low-interest loans subsidized by the Federal Government. This means that with qualification the Federal Government will pay your interest on the loan throughout your course. If a student does not qualify, additional unsubsidized funds will be offered. The current interest rate on a Subsidized Loan is 4.66%, until July 2015. The Federal Government does not check your credit before they issue these loans.
Direct Unsubsidized Loans: the Federal Government does not subsidize these loans, so once your account has disbursed the money toward your tuition, the loan starts to accrue interest. The interest rate on this loan is 4.66%. You can ‘capitalize’ the interest on these loans until you graduate (add the interest that accrues to the loan itself, rather than start paying the interest immediately), though capitalization is never advised.
Parent Plus Loans: For dependent students (unmarried students under 24 with no dependents), parents can take out a Parent Plus loan to cover some fees. The interest accrues immediately, payments start immediately, and the rate is currently 7.21%. The parent’s credit is checked for these loans.
OTHER FINANCIAL RESOURCES:
For students who do not qualify for federal aid programs, there are other financial options available.
Completing and submitting the FAFSA is free, quick, and gives you access to the largest source of financial aid for a college or career school.