Paying For School: Everything You Need To Know

Have you always wanted to apply for beauty school but finances were holding you back? At the Salon Professional Academy (TSPA), San Jose we want anyone who has a passion for beauty to have the opportunity to apply for one of our programs. That’s why we offer a variety of financial aid options for students who qualify! If you’re a newbie when it comes to post-secondary education, or the different kinds of financial aid just make your head spin a little bit, we’re here to help you out.

→Already an expert in the financial assistance department? You can get your enrollment process started here.

What Are the Different Ways to Pay For School?

That’s right, we said “ways”! There are a wide variety of options available to qualifying students, each with their own benefits, depending on your individual situation

Here are some of the possibilities:

  • Federal Aid
  • State Aid
  • Scholarships
  • Private Assistance e.g. Non Profits, Employee Benefits

Federal Aid

Before applying for our financial aid options, you first have to complete the Free Application for Federal Student Aid (FAFSA). Your FAFSA application combined with your tax return information will determine whether or not you’re eligible for financial aid assistance and which type you’re qualified to receive. After filling out your form, there are a few options that could be available to you.

Federal Pell Grants are awarded to students based on their financial need. The FAFSA application that you completed combined with your tax return determines if you qualify for a grant. Students normally don’t need to pay back the money they received from this type of financial aid. Our team in the financial aid office would love to talk with you more about this if you have any questions about this process!

Unlike a grant, a student loan is money for your education that you pay back once you’ve graduated. Your financial need determines whether subsidized or unsubsidized loans are best for you.

Before you fill out your FAFSA, you should know the difference between the types of loan options.

Unsubsidized Loans: Loans that are paid back and accrue interest while you’re in school.
Subsidized Loans: Loans that generally do not accrue interest until after the last date of attendance, when payment becomes due.
PLUS Loans: At our location, these loans are generally for parents of dependent students. In essence, the loan goes to your parent or guardian instead of you.

To find out what you qualify for individually, you’ll need to start your FAFSA application for the first step. You’ll want to make sure you set aside an hour (maybe a bit more if you’re a first-timer) to complete your application. You’ll be prompted to create an account to get an FSA ID, and then you’ll be able to begin your application.

You’ll want to have information such as your social security number, tax information, or any financial records that may apply if you’ve got investments or notable assets. Depending on how you filed your taxes for the previous year, you might be able to import them directly from the IRS website, but this option isn’t available for every application.

State Financial Aid

The type of loans, grants, and other kinds of financial aid available to you will vary from state to state, and depend on a variety of factors such as your income, family income, and more. Our school is located in California, so we encourage you to check out the California Student Aid Commission’s page on the types of aid offered in the state.

Special Circumstances to Keep in Mind

A number of special state, federal, and school-specific assistance options are available to students who fall into categories such as:

  • State and Federal Employees
  • Military Veterans

Scholarships from TSPA San Jose

At TSPA San Jose, we offer a variety of scholarships to students who qualify! . To check out the requirements and application steps, head over to our scholarships page for more information.

Private Assistance

You may have more options than you think for private financial assistance. You can use resources like the College Board scholarship search, a Google search, or peruse your local media for opportunities being offered by companies in your area.

Additionally, keep in mind that there are plenty of employers out there that will help contribute to your schooling while you’re employed there, from fast-food chains to call centers and corporations.

These options require a bit of creativity and resourcefulness more often than not, but can pay off big time in the long run.

How to Get Help With Financial Aid

We can throw all the information in the world at you, and it can still sometimes be overwhelming or confusing, especially if you’re a first-timer. This is meant to be a useful resource, but we always recommend that you speak to one of our friendly financial assistance reps, who can be reached at 408-784-4463.

They can provide information like our school code, answer general questions about the financial aid process, and tell you more about our programs.

While finances are one of the biggest hurdles to clear in most situations, you don’t have to let it stop you from pursuing your dream career at TSPA San Jose. Contacts us to start your beauty journey!

Paying For School