Financial Aid | Florida Barber Academy | Enroll Today! - Florida Barber Academy

GENERAL REQUIREMENTS FOR STUDENT ELIGIBILITY

Financial Aid is available for those who qualify. Federal Student Aid is awarded on a need basis for each applicant. Need is determined by evaluating the information from the Free Application for Federal Student Aid (FAFSA). Factors such as income, assets, and benefits are considered in determining the student’s financial needs.

 

Students applying for federal and state financial aid programs must:

 

  1. Have a financial need.
  2. Be a citizen or an eligible non-citizen.
  3. Be enrolled in an eligible program of study.
  4. Not be in default on any National Direct Student Loan, Guarantee Student Loan or owe a refund on any Title IV Grants at any institutions previously attended.
  5. Must be registered with selective service if a male student.
  6. Have a valid High School Diploma/GED if qualify under the Career Pathway (ATB) results with a passing score.

Financial Aid

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Students must submit the Free Application for Federal Student Aid (FAFSA) to the U.S. Department of Education’s Central Processing System (CPS), if you want to be considered for federal and state financial aid.

 

What is an FSA ID?
An FSA ID is comprised of a username and password that you create. Your FSA ID allows you to access your federal student aid information online and is used to log in to many U.S. Department of Education (ED) websites, including FAFSA on the Web, NSLDS Student Access,  StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. Your FSA ID must be kept secure and never shared with anyone.

All students interested to submit a Free FAFSA online application must have a FSA ID created.

To create this ID, click here.

Follow these steps to start the process electronically

  1. Click on the link above to create an FSA ID or click here.
  2. Create a username and password and enter an e-mail address.
  3. Enter your name, date of birth, Social Security number, contact information, and challenge question and answer.
  4. If you have a Federal Student Aid PIN, you will be able to enter it and link it to your FSA ID. You can still create an FSA ID if you have forgotten or do not have a PIN.
  5. Review your information and read and accept the terms and conditions.
  6. Confirm your e-mail address using the secure code, which will be sent to the e-mail address you entered when you created your FSA ID. Once you verify your e-mail address, you can use it instead of your username to log in to the websites.

 

* You can use your FSA ID to sign a FASFA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your PIN to your FSA ID, you will be able to use your FSA ID to access the website listed above. For help regarding this, visit: //studentaid.gov/h/apply-for-aid/fafsa

The FASFA is available in paper and electronic formats. You can get the paper version by calling 1-800-4-FED-AID. We encourage students to fill out a web-based version of the FAFSA at //studentaid.gov/h/apply-for-aid/fafsa. In order for our Institution to be able to receive the application you must add the school name and school code:

 

Florida Barber Academy

School code: 036114

 

After the application is completed, it is sent to the Department of Education FAFSA Processor. The data input will then be sent to the Central Processing System (CPS) to calculate the Expected Family Contribution (EFC) and match the student’s data against a number of databases, such as the Social Security Administration’s citizenship database, Selective Service, Veteran’s Affairs, etc. After all processing is complete, you will receive your Student Aid Report (SAR) in about 4 – 6 weeks after submitting a paper application, 1-5 days after submitting a web based application and the institute will receive an Institutional Student Information Record (ISIR) in the same time period.  FBA will review the ISIR or SAR produced by CPS.

Federal Pell Grant

A Federal Pell Grant is a free grant that does not have to be repaid. The student must complete the FAFSA in order to determine eligibility for the Federal Pell Grant. If the student is eligible for a Pell Grant, the award amount has a maximum of $7,395 for the 2024-2025 award year.

WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM

Student loans, unlike grants, are borrowed funds that must be repaid with interest. Loans made through this program are referred to as Direct Loans. Eligible Students and parents borrow directly from the U.S. Department of Education.  There are three types of loans in the program:

 

  • Subsidized Stafford Loan –The U.S. Department of Education pays the interest while you’re in school at least half-time and during the grace period.  The amount of the loan cannot exceed a Student’s financial need or the annual loan limit. The fixed interest rate for 2022-2023 is 4.99%
  • Unsubsidized Stafford Loan –The U.S. Department of Education does not pay interest on unsubsidized loans. The Student is responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full.   The fixed interest rate for 2022-2023 is 4.99% can be paid while attending school, during a period of deferment or forbearance, or it can be accrued and the interest added to the principle amount of the loan.
  • PLUS Loans – Parents of dependent Students can borrow from the PLUS Loan program. The terms and conditions of this type of loan include a requirement that the applicant have a favorable credit history, a repayment period that begins on the date of the last disbursement of the loan, and a fixed interest rate for 2022-2023 of 7.54%.

 

WHAT IS THE ANNUAL STUDENT LOAN ACKNOWLEDGMENT?

 

The Annual Student Loan Acknowledgment is an online session that allows students and parents to see how much they have borrowed, preview what their monthly payments might be, and explain concepts such as capitalization and the difference between federal and private loans.

Starting in the 2022-2023 school year, borrowers of Federal Subsidized, Unsubsidized and PLUS loans will be required to complete the Informed Borrowing Confirmation process once each award year before receiving disbursement of their loan.

 

WHAT AM I ACKNOWLEDGING?

 

If this is your first time accepting a federal loan, you are acknowledging that you understand your responsibility to repay your loans.

If you have existing student loans, you are acknowledging that you understand how much you owe and how much more you can borrow.

 

WHAT WILL YOU GAIN FROM THE ANNUAL STUDENT LOAN ACKNOWLEDGMENT?

 

Knowing how much you owe in federal student debt will allow you to make informed choices before agreeing to borrow more money to pay for higher education.

Calculating the monthly payments and the median salary you can expect to receive after graduating from college will give you a better understanding of your obligation.

Breaking down basic loan concepts such as interest accrual, capitalization, and the difference between private and federal student loans will help you better understand the balance for repayment.

 

HOW DO I COMPLETE THIS?

 

After April 15th, 2020, log into your MyStudentAid account using your FSA ID and password to complete the Annual Student Loan Acknowledgment requirement.

Parent PLUS loan borrowers must also complete this requirement.

Military Friendly Institution

We appreciate your service to our country and our staff is looking forward to assisting military personnel. We are an approved institution to provide veterans educational benefits. For additional information please visit the links bellow.

 

 

** For State Approving Agency (SAA) (Florida Department of Veterans Affairs)- All program hours (Theory and Practical Hours) are only offered as an in-residence component (Traditional settings) only.

 

FLORIDA BARBER ACADEMY IS APPROVED UNDER THE FOLLOWING STATE AGENCIES:

Department of Education, Vocational Rehabilitation Services, if you qualify, you can submit an application directly with your assigned Vocational Rehabilitation counselor.

 

US Department of Veterans Affairs

 

Veterans are admitted on the same basis as other applicants. Students seeking veteran educational benefits must contact the Veterans Administration (VA) Certifying Official and/or Financial Aid Representative at the school.

Below is a list of eligible programs offered by the school:

 

  • Chapter 30 (Montgomery GI Bill®)
  • Chapter 31 (Vocational Rehabilitation and Employment – VR&E)
  • Chapter 33 (Post 9/11 GI Bill®)
  • Chapter 35 (Survivors and Dependents Educational Assistance Program – DEA)
  • Chapter 1606 (Montgomery GI Bill® Selected Reserve)
  • Chapter 1607 (Reserve Educational Assistance Program – REAP)

 

For a list of required documents for students to apply for VA benefits at Florida Barber Academy, please contact your Financial Aid representative and/or VA Certifying official at the campus.

 

Veterans Approved Educational Benefits (GI Bill®)

//www.va.gov/education/about-gi-bill-benefits/

 

Florida Prepaid College

//www.myfloridaprepaid.com/

 

Florida Student Scholarship Grant Programs OSFA:

 

Bright Futures Scholarship

 

Link how to apply

//www.floridastudentfinancialaidsg.org/SAPHome/SAPHome?url=home

 

Link to schools:

//www.floridastudentfinancialaidsg.org/ReportPage.aspx?RData=RName=PSI%20Eligible%20List%26RFolderName=SSFAD/Administration

Integrated Postsecondary Education Data System (IPEDS)

The Integrated Postsecondary Education Data System (IPEDS) is a system of interrelated surveys conducted annually by the National Center for Education Statistics (NCES), a part of the Institute for Education Sciences within the United States Department of Education.

 

For the latest statistics on FBA:

CLICK HERE

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For over 15 years, Florida Barber Academy has stood amongst the barber schools in Florida. Our goal is to provide future licensed professionals with a positive environment where creativity is fostered and students are allowed to grow into becoming well rounded professionals within the beauty industry.

 

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Copyright 2024 © Florida Barber Academy | Handcrafted by 5/12 Studio. All rights reserved

51 N. State Road 7 (441)

Plantation, FL 33317

(Located at the Westgate Plaza. NW corner of 441 and Broward blvd)

(954) 791-1792 Main

info@floridabarberacademy.edu

Monday - Friday: 9:00 AM to 7:00 PM

Office / Admissions Hours:

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