Finanaces

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 are money that does not have to be repaid. Student loans are borrowed money that will be repaid by the applicant.

There are two ways to process a FAFSA:

1. Complete the FAFSA on the Web, the online application.

OR

2. Complete the paper FAFSA and mail it in the envelope attached to the application.
(Call the Financial Aid Office to request a paper FAFSA.)

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. Below are minimum to maximum
grant amounts for qualifying students.

2008-09 Grant Availability
Course PELL FSEOG
Cosmetology $400-$4730 $100-$250
2nd year Cosmetology $400-$2365 $100-$250
Esthetician $400-$3154 $100-$250

Stafford Student Loans

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

Stafford Subsidized Loans are preferred because the interest is paid (subsidized), by the federal government while you are enrolled in college Stafford Unsubsidized Loans the interest is not subsidized; 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.

2008-09 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 Subsidized loan $3500
Unsubsidized loan $3111
Esthetician Subsidized loan $2333
Unsubsidized $1333
Subsidized loan $2333
Unsubsidized loan $3999
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/minimum limits, and is not secured until completion of the FAFSA and Registration Appointment.