Finance
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Financial Aid/Cost of Attendance • The primary source of Financial Aid that Federico Beauty Institute offers is Title IV Federal Funding. • Title IV Funding consists of Federal Pell Grants, Federal SEOG Grants, AND Federal Direct Stafford Students Loans and the PLUS (parent) Loans, depending on what you qualify for. • Federal Grants are given out based upon financial need, considering various qualifications such as income, family size, assets, etc. • Student Loans are not based on credit worthiness, yet there is a maximum amount that students are allowed to take out per academic year. PLUS (parent) Loans are based on a credit check, and if qualified they may apply for a loan up to the cost of the education. • To apply for Title IV Funding the student must meet with a Financial Aid Advisor, submit a completed FAFSA form, log onto www.fafsa.ed.gov enter Department of Education school code #007253. Other sources of Financial Funding can include, but are not limited to: - Adult Education Funds (if available) - Industry Scholarships - Vocational Rehabilitation - VA Approved Benefits - SETA or WIA Funding - Private Scholarships acquired on an individual basis (example: Bureau of Indian Affairs, CIMC, Rotary, Kiwanis, Various Salon Chain Scholarships, etc.) also check out www.fastweb.com for scholarship searches. • We also accept monthly cash or credit payments.
Cost of Attendance These are the current costs for our courses; however these prices are subject to change. Esthetics Course: Esthetics Costs: Tuition and Registration Fees: Supplies Estimate: STRF (Student Tuition recovery Fund): General Fees Total: Additional Cost: State Board Fees Estimate:
$7,285.00 $1,800.00 $18.00 $9,103.00 $40.00
Extra costs not covered by Financial Aid State Board fees, additional supplies if needed Cosmetology Course: Tuition and Registration Fees: Supplies Estimate: STRF (Student Tuition Recovery Fund): General Fees Total:
$12,885.00 $3,200.00 $33.00 $16,121.00
Extra cost not covered by Financial Aid: State Board fees, additional supplies if needed.
1515 Sports Drive
•
Sacramento, CA 95834
•
916 929 4242 Financial 1
Get an education. Get a tax break. The taxpayer Relief Act of 1997 can help you put money back in your pocket. Your tax consultants will have the details. See if the following pertain to you: Hope Scholarship Credit Taxpayers can claim a non-refundable credit against federal income taxes for EACH student in the taxpayer’s family enrolled at least half-time in one of the first two years of post-secondary education in a program leading to a certificate, degree or other recognized educational credential. Lifetime Learning Credit Taxpayers can claim a non-refundable Lifetime Learning Credit against federal income tax for the qualified tuition and related expenses of the students in the taxpayer’s family who are enrolled in eligible education institutions. Reporting Requirements Federico Beauty Institute will report information to the IRS on all students enrolled for the tax year. A student’s Social Security Number (SSN) is the key to reporting, to ensure that accurate and complete information is provided to the IRS, Federico Beauty Institute must have a SSN for each student enrolled. Questions related to your tax situation should be addressed directly to the IRS or your tax consultant or accountant. Information on the HOPE scholarship and Lifetime Learning Credits can also be found on the U.S. Department of Education Web Site at: www.ed.gov/offices//ope/ppi/hope/ Taxpayer Advice by Telephone Internal Revenue Service: 1-800-829-1040 Monday-Friday 7:30 a.m.-5:30 p.m.
1515 Sports Drive
•
Sacramento, CA 95834
•
916 929 4242 Financial 2
Cost of Attendance These are the current costs for our courses; however these prices are subject to change. Esthetics Course: Esthetics Costs: Tuition and Registration Fees: Supplies Estimate: STRF (Student Tuition recovery Fund): General Fees Total: Additional Cost: State Board Fees Estimate:
$7,285.00 $1,800.00 $18.00 $9,103.00 $40.00
Extra costs not covered by Financial Aid State Board fees, additional supplies if needed Cosmetology Course: Tuition and Registration Fees: Supplies Estimate: STRF (Student Tuition Recovery Fund): General Fees Total:
$12,885.00 $3,200.00 $33.00 $16,121.00
Extra cost not covered by Financial Aid: State Board fees, additional supplies if needed.
1515 Sports Drive
•
Sacramento, CA 95834
•
916 929 4242 Financial 1
Get an education. Get a tax break. The taxpayer Relief Act of 1997 can help you put money back in your pocket. Your tax consultants will have the details. See if the following pertain to you: Hope Scholarship Credit Taxpayers can claim a non-refundable credit against federal income taxes for EACH student in the taxpayer’s family enrolled at least half-time in one of the first two years of post-secondary education in a program leading to a certificate, degree or other recognized educational credential. Lifetime Learning Credit Taxpayers can claim a non-refundable Lifetime Learning Credit against federal income tax for the qualified tuition and related expenses of the students in the taxpayer’s family who are enrolled in eligible education institutions. Reporting Requirements Federico Beauty Institute will report information to the IRS on all students enrolled for the tax year. A student’s Social Security Number (SSN) is the key to reporting, to ensure that accurate and complete information is provided to the IRS, Federico Beauty Institute must have a SSN for each student enrolled. Questions related to your tax situation should be addressed directly to the IRS or your tax consultant or accountant. Information on the HOPE scholarship and Lifetime Learning Credits can also be found on the U.S. Department of Education Web Site at: www.ed.gov/offices//ope/ppi/hope/ Taxpayer Advice by Telephone Internal Revenue Service: 1-800-829-1040 Monday-Friday 7:30 a.m.-5:30 p.m.
1515 Sports Drive
•
Sacramento, CA 95834
•
916 929 4242 Financial 2
