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Financial Aid

Published: Sunday, 21 July 2013

The Frederick School of Cosmetology offers Federal financial aid. To apply for assistance, students must complete the Free Application for Federal Student Aid (FAFSA).   The FAFSA form can be found online at www.fafsa.ed.gov.  The school code is 041397

Please contact us at 301-668-2900 about questions you may have about the financial aid process. 

Please note, all financial aid awards are made in accordance with the student’s ability to pay for his or her education using a federal formula by the federal processor.  Financial aid applications are reviewed and if selected for verification, additional documentation (such as tax returns) will be required before aid can be awarded.  Federal financial aid recipients are required to maintain satisfactory academic progress.  Failure to maintain satisfactory progress can result in a reduction or cancellation of financial aid awards.

Financial aid is available for those who qualify.

All financial obligations to the Frederick School of Cosmetology must be paid in full before the student can receive his/her diploma, transcript and take the cosmetology-licensing exam. 

Program Disclosures

On-Time Completion Rate for students who completed the Cosmetology program during the most recently completed award year (7/1/2011-6/30/2012):

  • On-Time (100%) Completion rate: 70%
  • Completers who finsihed satisfactorly within 150% of their program start: 30%

 
On-Time Completion Rate for students is calculated by the following methodology: Total number who graduated during 7/1/11-6/30/12 divided by the number who completed their program on or before their orginal contracted graduation date.

Please keep in mind that an On Time Completion rate consists of Graduates who complete their program on or before their original contracted graduation date. The Department of Education prohibits institutions from including in the On Time Completion rate, a graduate who may have taken a leave of absence, graduation was delayed due to school closings for bad weather, or changed their original enrollment schedule. Students who fall into this category, although they graduate, do not meet the definition of an on time completer/graduate and are not included in this rate.

150% of Normal Time is the acceptable maximum timeframe within the US Dept of Education regulations for a student to satisfactorily complete a program.

Median Loan Debt Incurred by for students who completed the Cosmetology program during the most recently completed award year (7/1/2011-6/30/2012):

  • Title IV Loan Debt: $1,082.00*
  • Private Education Loan Debt: $0
  • Institutional Finance Plans Owed: $0


*Median Loan Debt of $1,082.00, out of which $0 was given back to the student for living expenses.
Extra loan debt (if qualified) the student does not have to incur.

Program Costs

Registration fee $ 150.00

Student textbook, workbooks, and student equipment fees*
Note-students are not required to purchase student textbook, workbook and student equipment kit from FSC. However, student textbook, workbook must be the same text and version FSC is utilizing at the time of enrollment. FSC can assist students in purchasing any necessary equipment items.

$ 1,700.00
6% MD Sales Tax on student book and equipment fees $ 102.00
Tuition $16,000.00
Total Program Cost $ 17,952.00

 

 

 

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