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Financial Aid

Empowering dreams, easing burdens. 

Federal Pell Grant

Federal Pell Grants are usually awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor’s, graduate, or professional degree. A Federal Pell Grant, unlike a loan, does not have to be repaid, except under certain circumstances.
 With Federal Pell grants, amounts can change yearly. The maximum Federal Pell Grant award is $7,395 for the 2023–24 award year (July 1, 2023, to June 30, 2024). 

The amount you get, though, will depend on your financial need, your cost of attendance, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. You may not receive Federal Pell Grant funds from more than one school at a time. If your parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the events of 9/11, you may be eligible for additional Federal Pell Grant funds if, at the time of your parent’s or guardian’s death, you were under 24 years old or enrolled in college at least part-time.

Federal Loans


Federal Subsidized Loans are available to undergraduate students with financial need. Your school determines the amount you can borrow, and the amount may not exceed your financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while you’re in school at least half-time, for the first six months after you leave school, and during a period of deferment.

Federal Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive. You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.

COMPLETING THE FAFSA ENTRANCE COUNSELING 
& MASTER PROMISSORY NOTE


Completing the Free Application for Federal Student Aid (FAFSA) is the first step toward getting federal aid for college, career school, or graduate school. Completing and submitting the FAFSA is free, quick, and gives you access to the largest source of financial aid for college or career school.
Follow these four simple steps to learn more about the qualification and application process for FAFSA (Free Application for Federal Student Aid).

STEP 1

Determine Your Dependency Status

Click the button below for a brief questionnaire to help you determine your status

STEP 2

Start Your Application & Apply for Your FSA ID

Next, it’s time to access the Federal Student Aid website and create your ID and start your application. Your FSA ID can serve as your legal signature.

STEP 3

Complete Your FAFSA

You are now ready to complete your FAFSA. For tips on filling out your form, check out the video below.
If you are considered a dependent applicant, your parental information will also need to be included on your FAFSA application.

Please use our school code when submitting your application so that one of our Financial Aid Leaders will be able to contact you and help you review your results.

ALBANY BEAUTY ACADEMY CODE IS 043062

STEP 4

Student Loan Counseling

If you would like to use your Federal Student Loans, you must complete Entrance Counseling so that you can gain a better understanding of student loans, repayment options and your rights and responsibilities.

STEP 5

Student Loan Master Promissory Note

The Master Promissory Note (MPN) for Direct Subsidized Loans and Direct Unsubsidized Loans is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).
You may receive more than one loan under an MPN over a period of up to 10 years to pay for your educational costs, as long as the school is authorized to use the MPN in this way and chooses to do so.

Albany Beauty School will tell you which loans, if any, you are eligible to receive

Net Price Calculator

 This calculator is intended to provide estimated net price information (defined as estimated cost of attendance - including tuition and required fees, books and supplies, room and board (meals), and other related expenses - minus estimated grant and scholarship aid) to current and prospective students and their families based on what similar students paid in a previous year.

FAQ
Where are you located?
We are located at 2231 Dawson Rd Suites, I &J – Albany, Georgia. 31707
Is your school accredited?
Yes, Albany Beauty Academy is Nationally accredited by National Accrediting Commissions of Career Arts & Sciences (NACCAS).
Do you offer financial aid?
Yes, we do offer financial aid. Click here for more info.
Are books & equipment included in the tuition rates?
No, tools, book and cutting materials come at an additional cost.  
Contact Us 
  • Email:  albanybeautyacademy@yahoo.com
  • ​Address: 2231 Dawson rd, Suites I & J Albany, GA 31707.
  • ​Phone: 229-496-1640
  • Fax: 888-780-7250
  • ​FAFSA Code: 043062
  • AlbanyBeautyAcademy
  • @AlbanyBeautyAcademy
  • ​AlbanyBeauty Academy
  • ​Class Schedule: Full-time 9am – 4pm
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Albany Beauty Academy is nationally accredited by National Accrediting Commissions of Career Arts & Sciences, Inc (NACCAS). The National Accrediting Commission of Career Arts and Sciences (NACCAS) is recognized by the United States Department of Education as a national accrediting agency for postsecondary schools and departments of cosmetology arts and sciences.
© 2023 Albany Beauty Academy. All Rights Reserved.
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