Financial Aid
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understand Financial Aid
Marinello Schools are approved by the Department of Education to participate in the following Title IV financial aid programs.
*Financial Aid available to those who qualify
Federal Pell Grant: The Federal Pell Grant Program provides financial assistance to students that meets financial need set by the federal government. They are available to students who demonstrate financial need, based on a federal formula and who have not already received a Bachelor's degree. Grants do not have to be repaid.
Federal Supplemental Educational Opportunity Grant (FSEOG): Supplemental Grants are based on the funds available and do not have to be repaid.
Federal Direct Loan Program:
Subsidized Federal Direct Loan Subsidized Federal Direct Loans carry a fixed interest rate of 3.4%. Eligibility is based on financial need. This is a loan that must be paid back. If you are eligible, you may borrow once per academic year as long as all the required paperwork has been completed. The federal government pays the interest on a Subsidized Federal Direct Loan while you attend school, during the grace period (first six months after you leave school) and during periods of deferment. Your first payment is due six months after you leave school.
Unsubsidized Federal Direct Loan Unsubsidized Federal Direct Loans carry a fixed interest rate of 6.8%. This is a loan that must be paid back. You are responsible for the interest that accrues on the Unsubsidized Loan while you are in school and during your grace period. Your first payment is due six months after you leave school unless you choose to pay the interest on this loan while you are in school.
Federal Direct Plus Loan (Parent Loan): These loans are borrowed by the parents of dependent students. Plus loan has a fixed interest rate of 8.5%. The parent starts paying on the Plus loan within 60 days after the loan is fully disbursed.
Additional Funding Sources: Besides the Federal Aid Programs there are third party loans available to qualified students. For students who do not qualify for federal financial aid, Marinello offers a number of flexible installment option plans to fit a student's individual needs.
Marinello Schools of Beauty is approved for Veterans' benefits programs at select campuses.
The Military Spouse Career Advancement Account (MyCAA) program provides financial assistance for military spouses who qualify
Chapter 30 (Montgomery GI Bill)
Students desiring information regarding the various aids available should contact the Financial Aid office at the school location they wish to attend.
You can get more information about the different Federal Student Aid Programs by visiting FAFSA.
There are also scholarships available to those interested in pursuing a career in beauty. Visit our Scholarship Resources page to view the scholarships available. Scholarships are based on the funds available and do not have to be repaid.
