© Copyright 2011 Guy’s Academy Hair, Skin & NailsMETHODS & TERMS OF PAYMENTPayment methods may include but are not limited to Financial Aid and cash arrangements. As specified in the Enrollment Agreement down payments are due on or prior to the first day of class. Monthly payments at 0% interest are due by the 10th day each month thereafter until paid in full. A late fee of 5% of the monthly payment will be charged for any payment not made by the 15th day of each month. All accounts must be paid in full prior to course completion. Payment arrangements maybe made through the Business Office.Students cannot always afford to pay educational costs in full at the beginning of their program of study. In addition to cash payment arrangements, Guy’s Academy participates in various programs designed to assist students meet educational costs on an affordable basis.United States Department of Education approved Title IV programs including Federal Pell Grants, Direct Student Loans (Subsidized, Unsubsidized and Parental Loans for Undergraduate Students) are available to those who qualify.Other assistance may be available from Vocational Rehabilitation, WIA (formerly JTPA) and the Veterans Administration and must be pre-approved by these agencies prior to enrolling. Guy’s Academy does not offer scholarship and fee waivers.TITLE IV FINANCIAL AID(For the purpose of financial aid Guy’s Academy has a 900 hour academic year definition) Individuals may be eligible for Title IV assistance if all the following qualifications are met: ￢Currently enrolled in an eligible Guy’s Academy program;￢Holds a valid Social Security Number;￢Is a U.S. citizen or eligible non-citizen;￢Not in default on any Federal (Title IV) student loan; ￢Does not owe a repayment on any federal grant; ￢Possesses a high school diploma or its equivalency; ￢Can demonstrate Selective Service registration (males only); ￢Never been convicted of a drug offense while receiving federal financial aid; ￢Maintains Satisfactory Academic Progress. The following Title IV programs are available to those who qualify (subject to the U.S. Department of Education availability of funds and any changes to award amounts and Direct Stafford Loan repayment interest rates)1. Federal Pell Grant: A grant to assist undergraduates, who have not earned a bachelor’s or professional degree, with educational expenses. (Does not have to be paid back)2. Federal Direct Subsidized Stafford Loan: A low interest fixed rate loan based on financial need. The interest rate for loans disbursed on or after July 1, 2011 is 3.4%. Interest does not accrue while students are attending school, during their 6 month grace period , and during periods of deferment. (Must be paid back)3. Federal Direct Unsubsidized Stafford Loan: A low interest loan not financial need based, with a fixed interest rate of 6.8% for independent students. Interest will accrue on this loan while in school, during the 6 month grace period and during periods of deferment; accumulated interest can be paid quarterly while attending school. (Must be paid back)4. Federal Direct Plus Loan: A low interest fixed rate loan for parents who want to borrow to help with their dependent students educational expenses. The interest rate is 7.9%, and is only available to parents without adverse credit histories. (Must be paid back)Federal financial aid eligibility and awards are solely for educational expenses related to attendance at Guy’s Academy.
© Copyright 2011 Guy’s Academy Hair, Skin & NailsMETHODS & TERMS OF PAYMENTPayment methods may include but are not limited to Financial Aid and cash arrangements. As specified in the Enrollment Agreement down payments are due on or prior to the first day of class. Monthly payments at 0% interest are due by the 10th day each month thereafter until paid in full. A late fee of 5% of the monthly payment will be charged for any payment not made by the 15th day of each month. All accounts must be paid in full prior to course completion. Payment arrangements maybe made through the Business Office.Students cannot always afford to pay educational costs in full at the beginning of their program of study. In addition to cash payment arrangements, Guy’s Academy participates in various programs designed to assist students meet educational costs on an affordable basis.United States Department of Education approved Title IV programs including Federal Pell Grants, Direct Student Loans (Subsidized, Unsubsidized and Parental Loans for Undergraduate Students) are available to those who qualify.Other assistance may be available from Vocational Rehabilitation, WIA (formerly JTPA) and the Veterans Administration and must be pre-approved by these agencies prior to enrolling. Guy’s Academy does not offer scholarship and fee waivers.TITLE IV FINANCIAL AID(For the purpose of financial aid Guy’s Academy has a 900 hour academic year definition) Individuals may be eligible for Title IV assistance if all the following qualifications are met: ￢Currently enrolled in an eligible Guy’s Academy program;￢Holds a valid Social Security Number;￢Is a U.S. citizen or eligible non-citizen;￢Not in default on any Federal (Title IV) student loan; ￢Does not owe a repayment on any federal grant; ￢Possesses a high school diploma or its equivalency; ￢Can demonstrate Selective Service registration (males only); ￢Never been convicted of a drug offense while receiving federal financial aid; ￢Maintains Satisfactory Academic Progress. The following Title IV programs are available to those who qualify (subject to the U.S. Department of Education availability of funds and any changes to award amounts and Direct Stafford Loan repayment interest rates)1. Federal Pell Grant: A grant to assist undergraduates, who have not earned a bachelor’s or professional degree, with educational expenses. (Does not have to be paid back)2. Federal Direct Subsidized Stafford Loan: A low interest fixed rate loan based on financial need. The interest rate for loans disbursed on or after July 1, 2011 is 3.4%. Interest does not accrue while students are attending school, during their 6 month grace period , and during periods of deferment. (Must be paid back)3. Federal Direct Unsubsidized Stafford Loan: A low interest loan not financial need based, with a fixed interest rate of 6.8% for independent students. Interest will accrue on this loan while in school, during the 6 month grace period and during periods of deferment; accumulated interest can be paid quarterly while attending school. (Must be paid back)4. Federal Direct Plus Loan: A low interest fixed rate loan for parents who want to borrow to help with their dependent students educational expenses. The interest rate is 7.9%, and is only available to parents without adverse credit histories. (Must be paid back)Federal financial aid eligibility and awards are solely for educational expenses related to attendance at Guy’s Academy.
