Applying for Financial Aid

Students who are interested in applying for Federal Title IV aid programs should begin by creating a Personal Identification Number (PIN) at www.pin.ed.gov. Once a PIN has been obtained, you may proceed with completing the Free Application for Federal Student Aid. If you would like assistance with completing the FAFSA or have any questions please contact the financial aid office. Our school code is 04217800

Gathering the Documents Needed to Apply

The FAFSA asks for information about you (your name, date of birth, address, etc.) and about your financial situation. Depending on your circumstances (for instance, when you filed taxes or what tax form you used), you will need the following information or documents as you fill out the FAFSA:

               
                   
  1. Your Social Security number (it’s important that you enter it correctly on the FAFSA!)
  2. Your parents’ Social Security numbers if you are a dependent student
  3. Your driver’s license number if you have one
  4. Your Alien Registration Number if you are not a U.S. citizen
  5. Federal tax information or tax return transcripts including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student.
  6. Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents if you are a dependent student
  7. Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate but not including the home in which you live; and business and farm assets for you, and for your parents if you are a dependent student

To be considered for federal financial aid programs, a student must meet all of the following criteria:

  1. Demonstrate financial need. Financial need is the difference between the Estimated Cost of Attendance and the Expected Family Contribution (EFC). The calculated amount the student and family can be expected to provide based on the information provided on the FAFSA;
  2. Be working towards a degree or certificate in an eligible program
  3. Have earned a High School Diploma or Equivalent
  4. Be enrolled on at least a halftime basis;
  5. Maintain satisfactory academic progress;
  6. Be a U.S. citizen or eligible noncitizen;
  7. Not owe a refund on a Federal Pell Grant or be in default on a Federal Perkins Loan (formerly NDLS), Federal Stafford Loan (formerly GSL), Federal PLUS Loan or Federal Supplemental Loan for Independent Students (SLS);
  8. Have a valid social security number;
  9. Be registered with the Selective Service, if applicable;
  10. Have not been convicted of an illegal drug offense while receiving Title IV funds.
  11. Provide all documents required by either the Financial Aid Office and/or the Department of Education;

Once the FAFSA is processed by the federal government, you should receive a Student Aid Report (SAR). Students who intend to utilize federal financial aid programs to assist with their education expenses at Boca Beauty Academy must complete all financial arrangements prior to registering for classes. Additional forms and documents might be required by the Boca Beauty Financial Services Department. Students must reapply each academic year for federal financial aid programs. We recommend that Renewal FAFSAs be submitted no later than April 15th to ensure all deadlines have been met. Boca Beauty Academy Financial Services staff is available to assist borrowers of all education loan programs while they attend Boca Beauty Academy. Additional counseling assistance is available to students in areas such as loan repayment, loan deferments, loan consolidation, and default issues.

Packaging Policy

The Financial Aid Office at Boca Beauty Academy attempts to meet your financial needs with a combination of all aid funds for which you are eligible, providing you with a financial aid package. It is the policy of Boca Beauty Academy to award student financial aid based on criteria established by the federal government. Procedures are established to ensure compliance.

Packaging Procedure

A review of the following information is made prior to awarding federal financial aid. Most of this review is conducted internally. Discrepancies are resolved by the Financial Aid Office.

  • 1. Citizenship status or permanent resident status
  • 2. High school diploma or equivalent
  • 3. Admitted into a Title IV eligible diploma or certificate program
  • 4. Satisfactory Academic Progress
  • 5. Not in default or in repayment on any Title IV financial aid program
  • 6. Transfer monitoring status update
  • 7. Selective Service Registration status (if applicable)
  • 8. Aggregate loan award amounts
  • 9. Determine the appropriate student budget to be used: Residency (living off campus or with parents)
  • 10. Establish financial need as determined according to the packaging formula.
  • 11. Verification Review (where applicable).

Students that have not submitted all requested information (where applicable) will be sent a “Request for Verification Information Letter” advising him/her that the financial aid process will be delayed and/or cancelled until all requested information has been received.