Financial Aid

Financing & Financial Aid

Lytle's Redwood Empire Beauty College understands that your education is a significant investment. We offer Financial Aid packages that can include a combination of grants and student loans (for those who qualify).

Lytle's Redwood Empire Beauty College offers interest free financing.

This allows students to make monthly tuition payments over the course of training, to be paid in full by graduation. Payments can be made by check or credit card.

Lytle's REBC offers both Grants and Stafford Student Loans (Title IV Financial Aid Programs), to assist you in achieving your career education goals. Financial Aid acquired will assist with costs associated with your education including tuition and supplies

Financial Aid Available to Students who Qualify

Grants & Loans

To begin the process of applying for grants and loans, students must first complete the Free Application for Federal Student Aid (FAFSA). This document is the primary resource for establishing eligibility for need based aid at this college.

Grants - Free money that does not have to be repaid.
Student Loans - Borrowed money that does have to be repaid.

1. Complete the 2011/2012 FAFSA on the Web, the online application, at www.fafsa.ed.gov.
NOTE: Be sure to include our school code on the FAFSA: 013807.

Once the FAFSA is complete, the Financial Aid Advisor will work with you to create a financial aid package.

Federal Pell Grant

The Federal Pell Grant Program provides need-based grants to undergraduate students to promote access to postsecondary education.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG grant is available to assist PELL eligible students.

Scholarships

If you are interested in finding scholarships to help you pay your tuition, the two web sites below are a good place to start in your search. There are many more web sites out there; just do a search in your favorite browser for college scholarships.

http://www.beautyschools.org/

http://www.supercollege.com/

2010-2011 Grant Availability
Course	PELL	FSEOG
Cosmetology (Full 1600-hour program)	up to $9,716	up to $500
Esthetics	up to $3,667	up to $150

Stafford Student Loans

SUBSIDIZED & UNSUBSIDIZED STUDENT LOANS:
There are two kinds of Federal Student Loans.

Subsidized Loans are preferred because the interest is paid (subsidized) by the federal government while you are enrolled in college. For Unsubsidized Loans, the interest is not subsidized, and you must either pay the interest monthly or you may elect to have it added to your loan principal ("capitalized").

Below are maximum limits for fully eligible students.

Maximum Loan Limits Student Loans will have Origination Fees deducted from the amounts listed below, not to exceed 3%.
Course	Dependent	Independent
Cosmetology	Subsidized loan $3500 Unsubsidized $2000	Subsidized loan $3500 Unsubsidized loan $6000
2nd year Cosmetology	Subsidized loan $3500 Unsubsidized loan $1555	Subsidized loan $3500 Unsubsidized loan $4666
Esthetician	Subsidized loan $2333 Unsubsidized $1333	Subsidized loan $2333 Unsubsidized loan $4000
Parent Plus Loan for either program	Up to the cost of attendance, minus any scheduled aid	N/A

Dependent and Independent status is determined by completing the FAFSA.

The above listed aid shows maximum limits, and is not secured until completion of the FAFSA and Registration Appointment.