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.

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.

• 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.

• 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 2020-2021 is 2.75%.
• 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 2020-2021 of 2.75% 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 2020-2021 of 5.3%.

Urban Barber College 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 Urban Barber College, please contact your Financial Aid representative and/or VA Certifying official at the campus.