Northwest College School of Beauty offers several options for payment on tuition and related expenses. Students can choose to apply for financial aid, scholarships, private career loans, or utilize our interest free payment plans.
If you are interested in applying for federal student financial assistance:
The college participates in federal aid programs through the U.S. Department of Education. Federal Student Aid can assist eligible students with grants and low interest loans. Students looking for financial aid assistance need to complete the Free Application for Federal Student Aid (FAFSA).
FAFSA school code 014351 (displays as Northwest College of Hair Design Clackamas Campus). Click here to go to the FAFSA online application.
Northwest College School of Beauty utilizes the Pell Grant and Direct Stafford Loan programs for those who qualify.
- Pell Grants are available to eligible students. Eligibility for this program is determined by a standard formula that is revised and approved every year by the federal government.
- Direct Stafford Loans are federal guaranteed student loans. These are loans borrowed directly from the U.S. department of Education. You must repay your student loans. Repayment starts six months after you graduate, drop below half-time status, or terminate your training. There are three types of Direct Stafford Loans;
- Subsidized Loans are available to students who demonstrate financial need. Interest is paid by the U.S. Department of Education while the borrower is in school at least half-time, during the six month grace period, and in periods of deferment.
- Unsubsidized Loans are available to students who do not have financial need. Interest is charged to the borrower from the time the loan is disbursed until it is paid in full.
- PLUS (Parent Loan for Undergraduate Students) loans are available to parents of dependent undergraduate students. The repayment on PLUS loans differs from a subsidized or unsubsidized loans. Plus loans go into repayment 60 days after the last disbursement of funds and the parents are responsible for repayment of the loan.
Scholarships Available to Cosmetology Students:
We strongly encourage all students to apply for scholarships to help cover the costs of education! There are several scholarships available to cosmetology students that Northwest College accepts. It is the student's responsibility to complete all application requirements for scholarships.
For students who need assistance locating cosmetology scholarships, we have put together extensive information to help our students. Click here to visit our Grants and Scholarship page for more information.
Other payment options:
Career training loans are available through lenders such as Sallie Mae. These are private, credit based loans for students.
Northwest College School of Beauty offers our students the TuitionPay Plan, administered by Sallie Mae. The TuitionPay Plan is an interest-free, debt-free way to spread tuition payments over a number of months. The TuitionPay Plan is not a loan, so there are no interest payments, only a low annual enrollment fee.
- We offer a number of options from a 7 Month Plan to a 12 Month Plan.
- Save on interest charges by reducing the need to borrow.
- Access your personal account 24 hours a day, 7 days a week through Info Link.
The following are some of the resources students may wish to explore:
- Federal financial aid programs, such as the Pell Grant, subsidized and unsubsidized student loans, and PLUS loans for parents of dependent students.
- The USDI Bureau of Indian Affairs certifies Northwest College School of Beauty for educational training.*
- Vocational Rehabilitation uses our school for training of eligible persons.*
- If you are an eligible Veteran, contact the V.A. about resources available.
* Information regarding benefits available from the Bureau of Indian Affairs, Vocational Rehabilitation, or Veterans Affairs is available through those agencies.
Online Student Loan Counseling
Before your school disburses your Federal Stafford Loan (subsidized or unsubsidized), regulations require that you complete an entrance counseling session. The counseling session provides information about how to manage your student loans, both during and after college.
Click here for more information.
Before you graduate (or if you drop below half-time attendance), regulations require that you complete an exit counseling session. The counseling session provides information about how to manage your student loans after college.
Click here for more information.