Grant & Loan Programs


Carsten Institute of Cosmetology participates in the following Federal financial aid programs:

FEDERAL PELL GRANT

The Federal Pell Grant is a student financial aid program designed to assist students in continuation of their education after high school. A student who does not have a bachelor’s degree, is a U.S. citizen or permanent resident, and is enrolled on at least a half-time basis in an eligible institution may apply for a Federal Pell Grant. The student/family financial resources, according to a formula developed and reviewed by the U. S. Department of Education and Congress, determine eligibility.

FEDERAL DIRECT SUBSIDIZED STUDENT LOAN PROGRAM

Most students, Dependent or Independent, will qualify for the Federal Direct Unsubsidized Student Loan, regardless of financial need. In general, terms, conditions, and application process are the same as those for the Federal Direct Subsidized Student Loan. The student will, however, accrue interest on the unsubsidized loan while in school and the interest rate is slightly higher than that of the subsidized loan. Contact the Financial Aid Office for more information.

FEDERAL DIRECT UNSUBSIDIZED STUDENT LOAN PROGRAM

A non-need-based Federal Direct Unsubsidized Loan may be available to you if you are independent, do not qualify for a need-based loan, or are eligible for less than the loan limit on a subsidized Federal loan. The same terms and conditions apply, except the borrower accrues interest while in school. Contact the Financial Aid Office for information on loan limitations, application procedures, and program requirements.

FEDERAL DIRECT PLUS LOANS

Parents of dependent undergraduate students may borrow under this program. Contact the Financial Aid Office for information on maximum loan limitations, application and disbursement procedures, and current interest rates. Unlike the Federal Direct Loan program, the borrower may pay interest and make payments while the student attends school.

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