financial aid at cannella school of hair design

 

 

Financial Aid

Here at Cannella Beauty Schools, we want nothing more than to see each student reach their potential. To fulfill this goal, we have established many different payment options for students.

Please contact us if you have further questions about payment options.  Our goal is to assist all students with their financial concerns.

Budget Plan Available!

 

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Financial Aid and Payment Options at Cannella Beauty Schools

Pell Grant
Federal Pell Grants may be available to supplement tuition.

Student Loans
Federally-insured loan programs are available with a low interest rate. Repayment begins six months after your graduation or termination of training.

Parents Loan for Undergraduate Students
Personal loans for your parents (if they qualify) to borrow money for your education at a low interest rate. Repayment may begin sixty days after the loan is issued.

 

   

 

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School Loan Code of Conduct

  

1. Revenue Sharing Prohibition

Colleges are prohibited from receiving anything of value from any lending institution in exchange for any advantage sought by the lending institution. Lenders can no longer pay to get on a school’s preferred lender list.

1. Gift and Trip Prohibition

College employees are prohibited from taking anything of more than nominal value from any lending institution.  This includes a prohibition on trips for financial aid officers and other college officials paid for by lenders.

1. Advisory Board Compensation Rules

College employees are prohibited from receiving anything of value for serving on the advisory board of any lending institution.

1. Preferred Lender Guidelines

College preferred lender lists must be based solely on the best interests of the students or parents who may use the list without regard to financial interests of the College.

1. Preferred Lender Disclosure

On all preferred lender lists the College must clearly and fully disclose the criteria and process used to select preferred lenders.  Students must also be told that they have the right and ability to select the lender of their choice regardless of the preferred lender list.

1. Loan Resale Disclosure

No lender may appear on a preferred lender list if the lender has an agreement to sell its loans to another lender without disclosing this fact.  In addition, no lender may bargain to be a preferred lender with respect to a certain type of loan by providing benefits to a College as to another type of loan.

1. Call – Center Prohibition

Colleges must ensure that employees of lenders never identify themselves to students as employees of the colleges.  No employee of a lender may ever work in or provide staffing to a college financial aid office.