Financial Aid

The Financial Aid Department at Hollywood Institute and Hollywood Institute of Beauty Careers provides assistance to students who need financial aid in order to pay tuition expenses at the school. The Financial Aid Department has established procedures which assure fair and consistent treatment of all applicants. Financial Aid is available for those students who qualify.

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Military Benefits

Hollywood Institute and Hollywood Institute of Beauty Careers has been granted approval by the Florida Department of Veterans Affairs (FDVA) State Approving Agency (SAA) to train Veterans and other persons eligible for education benefits under Title 38 U.S.C. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information at: CLICK HERE

Florida Prepaid

As an Eligible Educational Institution, Hollywood Institute of Beauty Careers and Hollywood Institute of Beauty Careers are authorized to accept Florida Prepaid to cover qualified expenses including tuition, fees, and the cost of books, supplies and equipment required for the enrollment or attendance.

Types of Financial Aid

The amount of aid a student receives at Hollywood Institute or Hollywood Institute of Beauty Careers is based on cost of attendance, Expected Family Contribution (EFC), enrollment status (full time/part time) and length of attendance within an academic year.

Grants

The main criterion for receiving grants is substantial financial need. Grants do not have to be repaid unless a student becomes ineligible. Students must maintain satisfactory academic progress as defined in the Hollywood Institute and Hollywood Institute of Beauty Careers Satisfactory Academic Progress Policy.

  • Federal Pell Grant

    • ​A Federal Pell Grant is an award to assist need-based undergraduates in paying for their education. Students who have achieved a bachelor’s degree are not eligible for a Federal Pell Grant.

  • Federal Supplemental Educational Opportunity Grant Program (FSEOG)

    • ​Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on available funds and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attending school.

Federal Direct Loan Program

Direct Loans, from the William D. Ford Federal Direct Loan Program, are low-interest loans available to eligible students to help cover the cost of higher education. Eligible students borrow directly from the U.S. Department of Education at participating schools. For additional information on the application process for obtaining a Federal Direct Loan (DL), the applicable period of time for receiving a DL, and the maximum annual and aggregate amounts of DL a borrower may receive.

  • Direct Subsidized Loan

    • ​Direct Subsidized Loans are for students with financial need. The Institute will review the results of the FAFSA and determine the amount a student can borrow. The student is generally not charged interest while enrolled in school at least half-time. Direct Subsidized Loan Time Limitation Note: Federal regulations limit a first time borrower's* eligibility for Direct Subsidized Loan to a period not to exceed 150 percent of the length of the borrower's educational program. Under certain conditions, first-time borrowers who have exceeded the 150 percent limit may lose the interest subsidy on outstanding Direct Subsidized Loans. For more information on Direct Subsidized Loan Time Limitation, visit here. *Generally, a first-time borrower is one who did not have outstanding balance of principal or interest on a Direct Loan or on a FFEL Program Loan on July 1, 2013.

  • Direct Unsubsidized Loan

    • ​Direct Unsubsidized Loans are available to students with and without financial need. Like subsidized loans, the Institute will review the results of the FAFSA to determine the amount a student can borrow. Interest accrues (accumulates) on an unsubsidized loan, even while the student is in school, beginning on the date the loan is initially disbursed. The student can pay the interest, or can allow it to accrue and be capitalized (that is, added to the principal amount of the loan). If a student chooses not to pay the interest as it accrues, this will increase the total amount to be repaid because the student will be charged interest on a higher principal amount.

    • Terms & ConditionsStudents who receive a Direct Loan are subject to the terms and conditions disclosed on the Federal Direct Loan Master Promissory Note (MPN) and the Direct Loan Disclosure Statement.

    • Borrower's Rights and Responsibilities- Students who receive a Direct Loan also have varying rights and responsibilities as described in the Borrower’s Rights and Responsibilities Statement attached to the Master Promissory Note (MPN). For more detailed information on eligibility and how to apply for the Federal Direct Loan Program, visit here.

  • Federal Direct PLUS Loan for Parents

    • Parents of dependent students may apply for a Direct PLUS Loan to help pay their child’s education expenses as long as certain eligibility requirements are met. If a parent is unable to secure a Direct PLUS Loan, the dependent student may be eligible for additional unsubsidized loans.

    • Terms & Conditions- Parent(s) who receive a Direct PLUS loan are subject to the terms and conditions disclosed on the Federal Direct PLUS Loan Application and Master Promissory Note (MPN) found here

    • Borrower's Rights and Responsibilities- ​​Parents who receive a Direct PLUS Loan have varying rights and responsibilities as described in the Borrower’s Rights and Responsibilities Statement, attached to the Master Promissory Note (MPN). For more detailed information on eligibility and how to apply for the Direct Parent PLUS Loan, visit here.

  • Federal Pell Grant – A Federal Pell Grant is an award to assist need-based undergraduates in paying for their education. Students who have achieved a bachelor’s degree are not eligible for a Federal Pell Grant.

  • Federal Supplemental Educational Opportunity Grant Program (FSEOG) – Federal Supplemental Educational Opportunity Grants are available to a limited number of students with exceptional financial need. Grants are based on available funds and do not have to be repaid. Need is determined by the financial resources of the student and parents and the cost of attending school.

Student Loan Programs

Hollywood Institute and Hollywood Institute of Beauty Careers offers a variety of low interest loans that enable students to meet their educational costs. Educational loans MUST BE PAID BACK. Interest charges vary with the type of loan, and a minimum monthly payment may be required.

 

  • Subsidized and Unsubsidized Stafford Loan – In the Federal Direct Loan Program, repayment begins six (6) months after a student drops below half-time status or six (6) months after completion of the program. The subsidized loan has a fixed interest rate that is determined each year by the federal government. This loan is need based. Unsubsidized loans are non-need based loans to students who meet the qualifications. The loan is based on the cost of attendance less any other financial aid a student receives. The interest is charged through the life of the loan.

  • Federal Direct and FFEL PLUS Loans – The Federal PLUS Loan (FPLUS) programs provide non-need based loans to parents of dependent students. PLUS loan eligibility is based on the cost of attendance less any other financial aid a student receives. Repayment on a Federal PLUS begins within (60) sixty days after the final loan disbursement. These loans have fixed interest rates determined annually by the federal government.

 

NOTE: A student’s financial aid is solely the responsibility of the student. Each student is responsible for correctly completing all applications and processing paperwork in a timely manner. If student aid is not received by Hollywood Institute or Hollywood Institute of Beauty Careers while the student is in school, the student is responsible for all tuition and fees due to Hollywood Institute and Hollywood Institute of Beauty Careers.

 

Hollywood Institute of Beauty Careers’ Federal School Code: 041625

Hollywood Institute’s Federal School Code: 037063

Fill out THIS FORM for more information. 

Important Information

https://studentaid.ed.gov/sa/resources#fafsa

 

INSTITUTIONAL FINANCING:

Students who are unable to pay the tuition and fees in full may arrange a payment plan to be paid monthly or weekly to the school. Contracts are not sold to third parties; however, the school reserves the right to assign any unpaid balances to an outside agency for collections. Students in need of financial assistance will meet with the Financial Aid Department prior to enrollment in order to assess a payment plan. An installment plan will be set up based upon the student’s ability to make scheduled payments over the length of the program with a minimum down payment made prior to the first day of class.

 

SCHOLARSHIP:

Scholarship opportunities may be available to students through various industry partners and organizations. Our Financial Aid Department can provide you links to possible scholarship opportunities students can apply for.  

 

IMPORTANT INFORMATION: