Financial Aid is available for those who qualify. Federal Student Aid is awarded on a need basis for each applicant. Need is determined by evaluating the information from the Free Application for Federal Student Aid (FAFSA). Factors such as income, assets, and benefits are considered in determining the student’s financial needs.
Students applying for federal and state financial aid programs must:
a. Have a financial need.
b. Be a citizen or an eligible non-citizen.
c. Be enrolled in an eligible program of study.
d. Not be in default on any National Direct Student Loan, Guarantee Student Loan or owe a refund on any Title IV Grants at any institutions previously attended.
e. Must be registered with selective service if a male student.
f. Have a valid High School Diploma/GED if qualify under the Career Pathway (ATB) results with a passing score.
Start Your Application Now
Students must submit the Free Application for Federal Student Aid (FAFSA) to the U.S. Department of Education’s Central Processing System (CPS), if you want to be considered for federal and state financial aid.
What is an FSA ID?
An FSA ID is comprised of a username and password that you create. Your FSA ID allows you to access your federal student aid information online and is used to log in to many U.S. Department of Education (ED) websites, including FAFSA on the Web, NSLDS Student Access, StudentLoans.gov, StudentAid.gov, and the TEACH Grant website. Your FSA ID must be kept secure and never shared with anyone.
All students interested to submit a Free FAFSA online application must have a FSA ID created.
Follow these Steps to Start the Process Electronically
1. Click on the link above to create an FSA ID or click here.
2. Create a username and password and enter an e-mail address.
3. Enter your name, date of birth, Social Security number, contact information, and challenge question and answer.
4. If you have a Federal Student Aid PIN, you will be able to enter it and link it to your FSA ID. You can still create an FSA ID if you have forgotten or do not have a PIN.
5. Review your information and read and accept the terms and conditions.
6. Confirm your e-mail address using the secure code, which will be sent to the e-mail address you entered when you created your FSA ID. Once you verify your e-mail address, you can use it instead of your username to log in to the websites.
* You can use your FSA ID to sign a FASFA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your PIN to your FSA ID, you will be able to use your FSA ID to access the website listed above. For help regarding this, visit: StudentAid.gov/fsaid
The FASFA is available in paper and electronic formats. You can get the paper version by calling 1-800-4-FED-AID. We encourage students to fill out a web-based version of the FAFSA at www.fafsa.ed.gov. In order for our Institution to be able to receive the application you must add the school name and school code:
Florida Barber Academy
School code: 036114
After the application is completed, it is sent to the Department of Education FAFSA Processor. The data input will then be sent to the Central Processing System (CPS) to calculate the Expected Family Contribution (EFC) and match the student’s data against a number of databases, such as the Social Security Administration’s citizenship database, Selective Service, Veteran’s Affairs, etc. After all processing is complete, you will receive your Student Aid Report (SAR) in about 4 – 6 weeks after submitting a paper application, 1-5 days after submitting a web based application and the institute will receive an Institutional Student Information Record (ISIR) in the same time period. FBA will review the ISIR or SAR produced by CPS.
Federal Pell Grant
A Federal Pell Grant is a free grant that does not have to be repaid. The student must complete the FAFSA in order to determine eligibility for the Federal Pell Grant. If the student is eligible for a Pell Grant, the award amount eligibility ranges from a minimum of $652 to maximum of $6,095 for the 2018-2019 award year.
William D. Ford Federal Direct Loan Program
Student loans, unlike grants, are borrowed funds that must be repaid with interest. Loans made through this program are referred to as Direct Loans. Eligible Students and parents borrow directly from the U.S. Department of Education. There are three types of loans in the program:
Subsidized Stafford Loan –The U.S. Department of Education pays the interest while you’re in school at least half-time and during the grace period. The amount of the loan cannot exceed a Student’s financial need or the annual loan limit. The fixed interest rate for 2018-2019 is 5.05%.
Unsubsidized Stafford Loan –The U.S. Department of Education does not pay interest on unsubsidized loans. The Student is responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full. The fixed interest rate for 2018-2019 of 6.6% can be paid while attending school, during a period of deferment or forbearance, or it can be accrued and the interest added to the principle amount of the loan.
PLUS Loans – Parents of dependent Students can borrow from the PLUS Loan program. The terms and conditions of this type of loan include a requirement that the applicant have a favorable credit history, a repayment period that begins on the date of the last disbursement of the loan, and a fixed interest rate for 2018-2019 of 7.6%.
Military Friendly Institution
We appreciate your service to our country and our staff is looking forward to assisting military personnel. We are an approved institution to provide veterans educational benefits. For additional information please visit the links bellow.
FLORIDA BARBER ACADEMY IS APPROVED UNDER THE FOLLOWING STATE AGENCIES:
Department of Education, Vocational Rehabilitation Services, if you qualify, you can submit an application directly with your assigned Vocational Rehabilitation counselor.
US Department of Veterans Affairs
Veterans are admitted on the same basis as other applicants. Students seeking veteran educational benefits must contact the Veterans Administration (VA) Certifying Official and/or Financial Aid Representative at the school.
Below is a list of eligible programs offered by the school:
Chapter 30 (Montgomery GI Bill®)
Chapter 31 (Vocational Rehabilitation and Employment – VR&E)
Chapter 33 (Post 9/11 GI Bill®)
Chapter 35 (Survivors and Dependents Educational Assistance Program – DEA)
Chapter 1606 (Montgomery GI Bill® Selected Reserve)
Chapter 1607 (Reserve Educational Assistance Program – REAP)
For a list of required documents for students to apply for VA benefits at Florida Barber Academy, please contact your Financial Aid representative and/or VA Certifying official at the campus.
Integrated Postsecondary Education Data System (IPEDS)
The Integrated Postsecondary Education Data System (IPEDS) is a system of interrelated surveys conducted annually by the National Center for Education Statistics (NCES), a part of the Institute for Education Sciences within the United States Department of Education.