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Financial Aid

Your Education Goals Are Within Reach With the Help of Financial Assistance

The thought of taking out student loans can be unsettling, but when broken down into manageable payments, financing beauty school becomes more approachable. Plus, it’s a worthwhile investment when you experience the immense pride of starting your beauty career.

We offer federal financial aid to students who qualify and are committed to helping you understand and secure the best financing options. At Penrose Academy, we know your education is your future, and extraordinary careers start at extraordinary schools. We’ll support you throughout the process.

This financial need determines the amount of aid. Every student, family, and financial aid package is different, but the programs available to our students include Pell Grants, Federal Stafford Loans, and Federal Parent PLUS Loans.

Financial Aid Questions?

Our Financial Aid Team is dedicated to helping you find the best financial aid options available. Have a question?

Ask Us About Financial Aid!

How to Apply

  • Create an FSA ID, or update an existing outdated PIN, at studentaid.gov. This step is critical as the FSA ID gives you access to Federal Student Aid’s online systems and can serve as your legal signature.
  • Complete the FAFSA at studentaid.gov. Our school code is 041753. Online instructions will guide you through the process.
  • Complete the Federal Direct Master Promissory Note (MPN) online. This step simple and requires your FSA ID. complete and sign your MPN online. 

Net Price Calculator

At Penrose Academy, it’s important that you feel comfortable and well-informed. We respect our potential students and want you to have a clear picture of what it will realistically cost to attend school and train for a rewarding new career.
 
The Net Price Calculator is designed to help you get a meaningful estimate of total, out-of-pocket costs, based on your particular financial circumstances and anticipated aid.
Please Note: Results from this tool are only an estimate of financial aid eligibility. The accuracy of estimated awards is based on information provided and on the assumption that the student will complete the FAFSA (Free Application for Federal Student Aid). Future costs and financial aid estimates are subject to change. Final eligibility for federal and state financial aid is determined by the U.S. Department of Education. Actual financial aid awards, if approved, may differ from this estimated figure.

Common Questions

What is a FAFSA, and how often do I need to submit it?

FAFSA stands for the Free Application for Federal Student Aid. By completing this form, you provide the necessary financial information to determine your eligibility for financial aid. You must submit a new FAFSA each year to apply for federal and state aid. You can complete the application at studentaid.gov.

What is the difference between a grant and a loan?

Both grants and loans are forms of financial aid, but a grant does not require repayment, while a loan must be repaid over time.

How can I contact the Financial Aid team at Penrose Academy?

The Financial Aid office is located on campus and can be reached at (480) 222-9540 ext. 4 or via email at Penrose Financial Aid

What is Penrose Academy’s Federal Student Code?

Penrose Academy’s Federal Student Code is 041753.

Other Financing Options

Sallie Mae Smart Option Student Loan for Career Training

Is a Rewarding Beauty Career Right For You? Get More Info…

If you’re interested in learning more about careers in beauty and exploring whether Penrose Academy is right for you, fill out the form to receive more information or take our online training readiness quiz!

For questions, give us a call at 480-222-9540.

*Financial Need – Federal Student Aid is awarded on the basis of financial need. Financial need is the difference between your cost of education at Penrose Academy and an amount (determined by the government) that you and your family are expected to contribute towards your education. A standard formula used for all applicants determines this amount, which is called the Expected Family Contribution (EFC). The information you report on your Free Application for Federal Student Aid Application (www.fafsa.ed.gov) is used to calculate your contribution. The amount remaining after subtraction of the expected contribution from your cost of education is considered your financial need.