Financial Aid
The educational opportunity of an academically qualified student should not be restricted by a lack of financial resources. This idea is basic to the program of financial aid provided for students at Portsmouth Beauty School. Since the primary financial responsibility for the education of a student belongs to the individual and the parents, it is presupposed that the student and the family will make the maximum effort to provide for the expenses of a post-secondary education. Financial aid should always be considered as a supplement and not a substitute.
The United States Department of Education (ED or the Department) administers three Student Financial Assistance (SFA) programs to help students finance their education beyond high school. Portsmouth Beauty School (PBS) is eligible to participate in two of these programs, grants (Federal Pell) that do not have to be repaid, and loans (Federal Subsidizedand Unsubsidized student loans) that enable students to borrow money to help meet their educational costs. The loan program is part of the Federal Family Education Loan Program (FFELP). A State funded program for New Hampshire residents is also available. A student may qualify for assistance from one or more of these programs and PBS will assist applicants who establish a need for such funds in applying to the appropriate agency. PBS is also approved for Veterans educational benefits. Aid from the grant or loan programs are based on financial need. An exception is the Federal PLUS loan program. It is also possible to receive a Federal Unsubsidized Stafford Loan that is not a "need based loan." All applicants for financial aid must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA application form is available from this school. The student can also go on-line at www.fafsa.ed.gov to complete the application. The financial aid office is available to assist the student in completing the FAFSA and will determine financial aid eligibility.
There have been significant changes within the financial aid industry, please contact the Financial Aid Director for specifics, or refer to your Financial Aid Award Letter.
Financial Aid Application Procedure - Click To Download New
We are a member of NHASFAA (NH Association Of Student Financial Aid Advisors)
Student Financial Assistance <-(Click here to go to US Department of Education Student Financial Assistance page)
The educational opportunity of an academically qualified student should not be restricted by a lack of financial resources. This idea is basic to the program of financial aid provided for students at Portsmouth Beauty School. Since the primary financial responsibility for the education of a student belongs to the individual and the parents, it is presupposed that the student and the family will make the maximum effort to provide for the expenses of a post-secondary education. Financial aid should always be considered as a supplement and not a substitute.
The United States Department of Education (ED or the Department) administers three Student Financial Assistance (SFA) programs to help students finance their education beyond high school. Portsmouth Beauty School (PBS) is eligible to participate in two of these programs, grants (Federal Pell) that do not have to be repaid, and loans (Federal Subsidized and Unsubsidized student loans) that enable students to borrow money to help meet their educational costs. The loan program is part of the Federal Family Education Loan Program (FFELP). A State funded program for New Hampshire residents is also available. A student may qualify for assistance from one or more of these programs and PBS will assist applicants who establish a need for such funds in applying to the appropriate agency. PBS is also approved for Veterans educational benefits. Aid from the grant or loan programs are based on financial need. An exception is the Federal PLUS loan program. It is also possible to receive a Federal Unsubsidized Stafford Loan that is not a "need based loan." All applicants for financial aid must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA application form is available from this school. The student can also go on-line at www.fafsa.ed.gov to complete the application. The financial aid office is available to assist the student in completing the FAFSA and will determine financial aid eligibility.
The Federal Stafford Loan (SL), and Federal Parent Loan for Undergraduate Students (PLUS), may be necessary to meet your educational expenses. These federally insured loans allow students to borrow up to $6,500 for the SL, and $9,042 for the PLUS. Under current regulation a needs test must be performed to determine the amount a student or parent may borrow. All students may be eligible to borrow unsubsidized loans (not need-based loans) in amounts from $4,958 to $11,625 depending on dependency status and cost of education.
Federal Pell Grants serve as a base for all other sources of aid. Provisions for Federal Pell Grant applications are included in the FAFSA. Unlike other federal aid sources, Federal Pell Grant eligibility notifications are sent directly to the students' home address. Upon receiving the Student Aid Report (SAR), all copies should be forwarded to the school for processing. Awards currently range from $976.00 - $5,350.00 for an academic year (900 clock hours is an academic year for PBS).
All financial aid recipients are required to maintain satisfactory academic and attendance progress requirements as defined by the administrator and specified in the Catalog and Student Handbook. Failure to maintain the minimum standards of progress for academics and attendance could result in the loss of all financial aid.
Portsmouth Beauty School does not discriminate against any applicant for financial aid on the basis of age, sex, race, disability, marital status, religion, color, national and ethnic origin, creed or political affiliation.
Working To Meet Expenses
Portsmouth Beauty School recognizes the need of students to work while attending school. Many students need this part-time income to help defray personal and educational expenses. The student must be able to combine work with the requirements of school.
Work schedules must not take precedence over school attendance. A student must meet standards of academic and attendance progress requirements in order to remain in school.