Financial Aid
Find out if you’re eligible.
Financial aid applicants at New York School of Esthetics are processed using the same criteria used by the US Department of Education (ED). Financial assistance is awarded based on financial need. The New York School of Esthetics’s financial aid staff has developed an institutional packaging policy to ensure consistent, equitable, and fair distribution of financial aid funds.
New York School of Esthetics utilizes standard budgets that represent a cost of attendance which includes the student’s:
Tuition and registration fees
Books and Products
Lab fees
Uniform
A student’s need is determined by the following formula:
Cost of attendance (COA)
– expected family contribution (EFC) from ISIR/SAR
– estimated financial aid-EFA
= financial need
Estimated Financial Aid
Pell Grant– Eligible amount determined by EFC from ISIR/SAR
DL loans– Subsidized loan amounts for independent and dependent students — $2,333
Unsubsidized loan amounts for independent students — $4,000
Unsubsidized loan amounts for dependent students — $1,333
Note: Aggregate loan limits are $31,000 for dependent students and $57,500 for independent students with no more than $23000 in subsidized loans.
Note: Dependent students can borrow up to a $3666 unsubsidized loan if the parents were denied a PLUS loan.
DL loans can never exceed the cost of attendance minus EFC minus EFA
DL loans have subsidized, unsubsidized and PLUS (parent) loans
Subsidized loans are based on financial need with the following formula:
COA
minus EFC
minus EFA
= Financial NeedUnsubsidized and PLUS loans are based on financial need with the following formula:
COA
Minus EFA
= Financial NeedThe Financial Aid Director will process the student aid utilizing the financial aid software from Fame, the institution’s third party servicer. An award letter will be generated for the student. The student must be notified of the financial aid they are eligible to receive.