The Academy of Hair Design offers various types of financial aid programs to those individuals who qualify. The two most popular programs are the PELL GRANT program and the FEDERAL DIRECT STUDENT LOAN program.

The PELL GRANT program is free monies granted to the student based upon a students household size and annual income. To apply for this program you may be required to furnish the school with certain documents such as annual tax returns.

The FEDERAL DIRECT STUDENT LOAN (Direct Subsidized Loan) are loans for students with financial need, as determined by federal regulations. No interest is charged while students are in school at least half-time, during your grace period and during deferment periods.

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.