Currently the Academy of Hair Design administers a loan program for students who need financial assistance. Loans can provide a student with an opportunity to invest in their future, usually at lower interest rates than those available on the commercial market.

Student loan programs allow students to borrow money at low interest rates, with no collateral, and generally no co-signer. Typically, student loans do not need to be repaid until the student graduates or drops to less-than-half-time status.

Students are reminded that borrowing money for college is a serious financial obligation. In addition to the principal borrowed, interest is generally charged for use of funds. It is important to remember that when you borrow money it must eventually be repaid. When signing a loan promissory note, you enter into a legal, ethical agreement. Legally, you will be required to sign the note promising to repay the loan. Ethically, you are responsible to future borrowers, since collections from old loans are major funding sources for new loans. Think about this commitment carefully when taking out a loan, and consider how much you reasonably can afford to repay.