Grants, scholarships, and loans are available to students at the Ohio State Beauty Academy.

General Information

The following information is about the financial aid programs and processes at the Ohio State Beauty Academy. Financial aid programs are used to support the remaining costs when the student and/or family have demonstrated the need for these resources to enable the student to attend and graduate from the institution. Actual costs of attendance include tuition and general fees, housing, meals, and an estimate for books and miscellaneous living expenses, such as laundry and transportation to and from home.

OSBA requires the Free Application for Federal Student Aid (FAFSA) to determine eligibility for financial assistance programs administered by the financial aid office. These funds are made available to students for the hours they are enrolled in.

Grants

Grants are financial aid awards that do not require repayment. They are available to eligible students usually based upon financial need.

Learn more about the Federal Pell Grant

Federal Subsidized Student (Undergraduate - Dependent and Independent)

Under this program, students are not charged any interest as long as they meet enrollment requirements (enrolled on at least a half-time basis).

Learn more about Federal Subsidized Loans

Federal Unsubsidized Student (Undergraduate - Dependent and Independent)

This program is available to students who were either limited or determined to be ineligible for the Federal Subsidized Student Loan. The amounts per grade level are the same as the Federal Subsidized Student Loan; however, the student is responsible for the interest charges while in school. In addition, all students are eligible for an additional Unsubsidized Federal Student Loan of $2000 per year.

Learn more about Federal Unsubsidized Loans

Federal PLUS Loans (Parent Loans)

This program is available to parents of dependent students to meet any remaining costs that other financial aid does not cover. Repayment on the PLUS Loan usually begins within 30 days after the loan is fully disbursed by the lender; however, delayed repayment and deferment provisions are available. Family income is not a criterion in obtaining parental loans, but a good credit history is required.

Learn more about PLUS loans for parents

Private Loan Programs

There are alternative loans available for students needing additional aid. An alternative loan is a loan in which the student may borrow additional money to cover any remaining educational expenses. These loans are based on creditworthiness of the borrower, and in many cases a co-borrower, and are therefore not guaranteed.

Outside Scholarships

Students who choose to apply and receive scholarships from outside sources are required to adhere to the requirements of that scholarship. The amount of the outside scholarship must be reported to the Financial Aid Office by Federal Law. A re-evaluation of the student's financial aid package will occur and notice will be provided if any changes are necessary to ensure the student award is correctly provided.

Lima Access -- Last Dollar Scholarship

Students graduating from Allen County (Ohio) high schools who enroll at OSBA are eligible to apply for the Lima Access -- Last Dollar Scholarship for their first year of attendance. The amount of the scholarship is $500. Applications are available from the Allen County Access Program.