Cozmo The School can help!  We have a trained team of professionals dedicated to helping eligible students find financial assistance to meet the cost of education. This is most often the hardest part of your decision to go to any college, but don't worry, our staff will walk you through the process step-by-step and answer any questions and concerns you may have.

The U.S. Department of Education offers several Financial Aid programs for eligible students enrolled in eligible programs at Cozmo the School's: Federal PELL Grants, Federal Direct Student Educational Loans, and PLUS Loans. Realize receiving Federal financial aid does not constitute and offer of employment.

The following is a brief overview of the aid available.

• Federal PELL Grants: These are need based grants of Financial Aid that do not have to be repaid, if you complete the course. They are awarded to help eligible students pay for their education after high school, if they attend an accredited school that is eligible to participate in the Federal Financial Aid program. The amount of Pell grant funds the student will be awarded will depend on their own financial situation as well as the length and cost of the course they are taking.

• Direct Student Loans: These are educational loans that may be available up to a maximum of $3,500.00 in subsidized loan funds and $2,000.00 in unsubsidized loans for a dependent student and $3,500 subsidized loans and $6,000.00 for an independent student in the first academic year (0 – 900 hours). Subsidized loans are need based and the federal government pays the interest while students are in school and through their grace period of six months. Unsubsidized loans are not need based; interest is either paid or allowed to accrue during a student’s time in school and through the grace period. During the second academic year (901 – 1200 hours), both dependent and independent students may qualify for a maximum of $1,500.00 is subsidized loans. Dependent students may be eligible for up $666.00 and independent students may be eligible for up to $2,000.00 in unsubsidized loans. Loans are disbursed by payment period. Funds will first be credited to tuition and excess funds will be disbursed to the student. 
  
  Your final loan eligibility is based on several factors among them: your estimated family contribution, cost of attendance, and total PELL awards. Cozmo The School participates in the Direct Federal Student Loan Program so application is made through the school. Because these are loans, not grants, the student must repay these funds after graduation. The interest rate on a student loan is adjusted annually, but has a maximum cap of 8.25%. Repayment is usually not due to the lender until six months after the student leaves the school. The six month grace period gives the student a chance to acquire a position in a salon and get their career under way before repayment begins. When repayment does begin, the payments can be as little as $50.00 per month and that includes principal and interest; however the payments usually average approximately $80.00 per month for graduates who utilize more than one loan.
  
  Accredited with NACCAS.  In house payment program.  School code for FASFA Website is 041350

• PLUS Loans: These loans are for parents who want to borrow money to help pay for their child’s education. The interest rate on these loans is adjusted annually, but has a maximum cap of 9%. Repayment begins while the student is enrolled in school.

For more detailed information of Financial Aid, please request “The Student Guide” printed by the U.S. Department of Education is available at no charge:

In order for a student to receive any Federal Financial Aid (loans or grants), the Free Application for Federal Student Aid (FAFSA) must be correctly completed and either mailed or electronically transmitted to the processor. The processor will then send a Student Aid Report (S.A.R.) to the student and the school indicating the student’s official eligibility for Federal Financial Aid. The free application is available at the School or on line at fafsa.ed.gov. School code for FASFA Website is 041350