how to pay for cosmetology

How to Pay for Beauty School: Financial Aid, Scholarships, and More

Posted on - Saturday September 5, 2020
getting funding for beauty school

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One thing you might start thinking about as you look into beauty school is understanding how you may be able to pay for it. Beauty school is definitely a financial investment, and you shouldn’t understate the financial investment it may take for you to complete beauty school. However, the good news is that you definitely don’t have to pay for it all out of pocket. Here are a few methods of handling beauty school costs.

1. Scholarships

Your first step should be to apply for scholarships that might benefit you in your journey toward completing beauty school. Scholarships can help you pay for all sorts of things, including tuition, food, housing and various products you may need to complete your education. There are many scholarships available and you can typically apply for many of them.

2. Federal Financial Aid

For those who qualify, there are many plans you can rely on for financial aid through the government as well. Perhaps the most well-known federal financial aid option for many people is Pell Grants, which can provide college assistance to low-income individuals and families. However, there are also other financial aid opportunities you may be able to take advantage of even if your family exceeds the financial threshold for Pell Grants.

3. Payment Plans

If you’re unable to receive financial aid grants and scholarships, you may still be able to access payment plans through the school you’re attending. These payment plans may allow you to make smaller payments throughout the duration of your time attending school. Payment plans typically also allow you to pay your tuition with no interest, which makes them a great choice for people who are looking for the most economical method of paying tuition over time.

4. Student Loans

There are specific loans you can take out for schooling. When you have school debt, you may be able to receive a loan to pay for that school debt, which may have a lower interest rate or higher flexibility than other loans. These typically are only for costs that come directly from the school. Talk to your school if you’re interested in learning more about student loan options.

5. Personal Loans

Some loans you may want to consider for daily expenses like food and housing are personal loans. A personal loan is just a loan you’re planning to use for any personal reason, such as moving, making a large purchase, or food during your schooling. Personal loans tend to have higher interest rates, but if you have good credit or a co-signer with good credit, you may be able to find a personal loan with a relatively low interest rate.

Conclusion

how to pay for cosmetology

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As you can see, there is a variety of ways to pay for beauty school, regardless of your current financial situation. Whether you’ll be able to pay down a large amount of your beauty school tuition out of pocket or you’ll have to take on some debt to go to beauty school, you can find a payment method that works for you.

If you really want to attend beauty school, you should have that option, regardless of your current financial state. Ogle School provides a variety of opportunities for people to attend beauty school. Request information from an Ogle School team member to understand more about how you can attend today.

About the Author
Jeff Chiarelli

Jeff Chiarelli

Jeff Chiarelli is the Head of Marketing for Ogle School. His responsibilities include leading Ogle School's marketing and branding strategy to amplify Ogle School's passion for helping create future beauty professionals in the communities Ogle School serves.