Financial Aid Philosophy
The Eric Fisher Academy Office of Financial Aid is committed to assisting students access a quality education within the professional beauty industry by providing outstanding financial aid services to current and prospective students. EFA's Financial Office simplifies the complex nature of the financial aid system through a hands-on approach.
Financial aid is to assist students with the cost of education and education related expenses. Eric Fisher Academy has been granted the privilege to distribute Title IV funds and G.I. Bill funds [to those who qualify].
Financial Aid options include:
Federal Pell Grant: A Federal Pell Grant is for students with financial need and does not have to be repaid. All students are automatically considered for a Pell Grant when the FASFA is filed.
Direct Subsidized Loan: A Direct Subsidized Loan is a low interest loan with a fixed interest rate in which the federal government pays the interest while the student is in school and during periods of authorized deferment.
Direct Unsubsidized Loan: A Direct Unsubsidized Loan is a low interest loan with a fixed interest rate in which the students is responsible for the interest and it accrues while in school, during the grace period and during periods of deferment and forbearance. It is not based on financial need.
Direct Parent Plus Loan: A Direct Parent Plus Loan is a Parent Loan for students. It enables parents with good credit histories to borrow money to pay for their child's expenses.
Veterans Benefits: All programs offered at Eric Fisher Academy are approved by the Department of Veterans Affairs. Visit the department's website, click here. [to those who qualify]