Financial Aid
Delaware Learning Institute of Cosmetology is approved by the
United States Department of Education to offer the following
federal financial assistance programs whereby an eligible
student is awarded an outright grant or loan for
post-secondary education. To be eligible to receive financial
aid, a student must be enrolled as a regular student on at
least a half-time basis.
Federal PELL Grant
Direct Student Loans
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Financial Aid at Delaware Learning Institute of Cosmetology
The student financial aid programs at Delaware Learning Institute of Cosmetology are
designed to aid students who would find it difficult to attend college without financial assistance.
Delaware Learning Institute of Cosmetology offers the following sources of financial aid:
Scholarships
Alternative Financing - Sallie Loans
Grants
Loans
Eligibility Requirements:
Have financial need
Have a High School Diploma or a General Education Diploma (GED)
Be enrolled or accepted for enrollment as a regular student working toward a certificate in an eligible program
Be a U.S. citizen or eligible non-citizen
Have a valid Social Security Number
Make satisfactory academic progress
Register with Selective Service
Sign a Statement of Educational Purpose and a Certification Statement on overpayment and default
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Basics of Determining Financial Aid
The basis of determining a student’s financial need will be an
analysis of the financial status of the student’s and/or the
parents’ income. This analysis is accomplished by completing a
Free Application for Federal Student Aid (FAFSA) distributed by
the U.S. Department of Education.
These forms are available:
In High School Guidance Counselor’s Office
In Financial Aid Office at Delaware Learning Institute of Cosmetology
Via U.S. Department of Education’s web site:
FAFSA on the Web www.fafsa.ed.gov
Financial need is based on:
Cost of attendance
Expected Family Contribution
Financial Need
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Types of Student Aid
Federal Pell Grant
A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are awarded only to undergraduate students who have not earned a bachelor’s or professional degree. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added.
Direct Lending Program
Stafford Loans are the Department of Education’s main form of self-help aid for students. Under the Direct Lending Program, the funds for your loan are lent to you from the Department of Education.
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Types of Direct Loans Stafford Loans available are:
Subsidized Stafford Loan
A subsidized loan is awarded on the basis of financial need. You will not be charged interest before you begin repayment or during authorized periods of deferment. The federal government “subsidizes” the interest during these periods.
Unsubsidized Stafford Loan
An unsubsidized loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, it will be capitalized – that is, the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount.
Students are encouraged to apply for one type or a combination of the types of financial aid available.
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More Financial Aid Web Sites!
Dept. of Education - The Student Guide - federal financial aid information
The Smart Student Guide to Financial Aid - Scholarship search and financial aid information
The Delaware Department of Labor
Pin Registration - Apply for a U.S. Dept. of Education PIN number
School Codes - Look up Title IV school codes for FAFSA
SFA Ombudsman - Resolve loan disputes and problems
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The Delaware Learning Institute of Cosmetology is dedicated to providing a well-rounded foundation for
students who are committed to learning the art and science of Cosmetology and its related areas of study. Our Dagsboro, DE campus consists of approximately 3,500 square feet of professional learning space! Knowledgeable and friendly staff members keep all of our class sizes small, so that no student falls behind. And with new employment opportunities for both experienced and entry-level personnel in salon chains and independent salons, there are now great opportunities ahead for you in the exciting and rewarding field of cosmetology!
The Delaware Learning Institute of Cosmetology
Hairdresser
Dagsboro Delaware
Cosmetology School
