SC HO OL CO DE
FEDERAL FINANCIAL AID
038083
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2026-2027 ACADEMIC YEAR PROCESS 1. Request an FSA ID at www.studentaid.gov/fsa-id/create-account/launch 2. Complete the 2025-2026 & 2026-2027 Free Application for Federal Student Aid Aid (FAFSA) at www.studentaid.gov. Use school code: 038083 3. Submit your finished FAFSA application. In several days, you will be notified of your financial aid eligibility by the Financial Aid Administrator.* *Some FAFSA applications are selected for a review process called verification, where a student may have to submit financial documentation to the Financial Aid Administrator.
FEDERAL PELL GRANT Award amount based on financial need determined from FAFSA, enrollment date, and enrollment status. Unlike a loan, a Federal Pell Grant does not have to be repaid. The maximum Pell Grant award per program is: • Ayurvedic Esthetic | $6,895
• Barbering | $6,895
• Cosmetology | $6,895
• Esthiology | $4,597
• Massage Therapy | $5,746
FEDERAL DIRECT SUBSIDIZED & UNSUBSIDIZED LOANS Subsidized Loan amount based on financial need is determined from FAFSA. Subsidized Loans have a fixed interest rate of 4.99%. The government pays the accruing interest while in-school, grace and authorized deferment periods. Unsubsidized Loans have a fixed interest rate of 4.99%. You are responsible for paying the accruing interest while in school, grace and authorized deferment periods. • The maximum an • “independent” Cosmetology student can borrow is $17,666; a “dependent” Cosmetology student can borrow up to $10,555.
The maximum an • “independent” Massage Therapy student can borrow is $7,917; a “dependent” Massage Therapy student can borrow up to $4,584.
The maximum an “independent” Esthiology student can borrow is $6,333; a “dependent” Esthiology student can borrow up to $3,666.
• The maximum an “independent” Barbering student can borrow is $10,666; a “dependent” Barbering student can borrow up to $6,222.
• The maximum an “independent” Ayurveda Esthetic student can borrow is $10,666; a “dependent” Ayurveda Esthetic student can borrow up to $6,222.
Before loan funds can be disbursed, students must complete Entrance Counseling and Master Promissory Note (MPN)for a Subsidized/ Unsubsidized Loan at www.studentaid.gov
FEDERAL DIRECT PLUS LOANS Loans are available to parents of “dependent” students that are approved based on credit rating. If the parent is denied a PLUS Loan, a “dependent” student’s loan eligibility increases to that of an independent student. PLUS Loans have a fixed interest rate of 7.54%. Parents interested in a PLUS Loan should apply at www.studentaid.gov.
IMPORTANT! Sometimes Financial Aid can be applied to a student’s down payment. Please contact the Financial Aid Administrator regarding this. All Financial Aid is immediately applied to any owed tuition. Financial Aid disburses in increments, where a student must make Satisfactory Academic Progress (please see course catalog) to remain eligible for the funds. Financial Aid Department Gregory Mathews, Financial Aid Administrator 414.319.7581 or gregory@ibw.edu
327 E. St. Paul Ave. • Milwaukee, WI 53202 414-227-2889 • @AvedaIBW
7021 Tree Lane • Madison, WI 53717 608-250-3100 • @AvedaMadison 6/17/2025 COURSE CATALOG INSERT 04