Wondering how to pay for school? We are here to help! Xenon Academy is proud to accept financial aid for qualifying students in our cosmetology, barbering, and esthetics programs. You may also qualify for funding through scholarships, payment plans, college savings plans, or grants.
Both our locations also have business offices available to help walk you through your options step-by-step. You don’t have to do this part alone! Make an appointment or walk in during business hours Monday through Friday. We have decades of experience helping students like you create a financial plan that works!
Check out a few of the funding options that may be available to you below.
Federal Financial Aid
Federal financial aid is provided by the government for higher education. You may have heard of using this kind of funding to help pay for traditional college, but did you know it can be used at qualifying beauty schools as well? Xenon Academy is approved by the Department of Education to offer several types of federal financial aid to those who qualify:
- Pell Grant
The Pell Grant is money that does not acquire interest and does not need to be repaid. It is awarded based on financial need. If you qualify, this can be a great option to help you pay for school!
- Subsidized Loans
These loans are available to students based on need. The Department of Education pays the interest on these loans while you are in school and during any deferment periods. Although these loans do not need to be repaid until six months after graduating, we still recommend making payments while in school if possible.
- Unsubsidized Loans
There is no need to demonstrate financial need to qualify for an unsubsidized loan. However, these loans begin accruing interest from day one. This means that making regular payments while in school will be important to help you save money and avoid compound interest.
To apply for federal financial aid, you will need to fill out the Free Application for Federal Aid or FAFSA®. Our business office is available to help you in this process from beginning to end! Contact us and we can show you how to create an account, fill out the application, and manage any awarded funds.
Our school code: 026105
To learn more about federal financial aid and repayment, check out our past blog!
Scholarships can be a great funding option since they don’t need to be repaid! Xenon Academy accepts outside scholarships such as those found on the Beauty Changes Lives website. We also offer an internal scholarship to qualifying students who commute to school. Ask our admissions team for help to see what scholarships you may be eligible for!
If you’d like to set up a timeline to make scheduled cash payments, ask us about payment plans! We work with students on a case-by-case basis. Your payment plan will vary based on your ability to pay, timeline, and more. This option is all about creating a plan that works for YOU!
College Savings Plans
If you’ve been saving for your future education in a college savings plan, you don’t need to use them at a traditional college. Xenon Academy is glad to accept funding from your college savings plan to put toward your beauty education!
Get Help Making a Financial Plan
We know navigating the world of financial aid can feel overwhelming if you’ve never done it before. That’s why we have a designated team to help at our business offices. If you are confused about what options you may qualify for or need help starting your applications, please feel free to reach out to us! You may be surprised at how affordable your dream education could be!