Cart & Checkout (0)
When you apply for federal student aid, the information you report on your FAFSA is used in a formula established by law. This formula calculates your Student Aid Index (SAI).
Your SAI is an estimate of how much you and your family may be able to contribute toward the cost of your education. Please note, this number is only a guideline and may not reflect what you actually pay out of pocket.
What This Means for You
- Your SAI helps determine your eligibility for financial aid while you train in our esthetics or cosmetology program.
- Students with a lower SAI may qualify for more need-based financial aid.
- If your SAI falls within a certain range, you may be eligible for a Federal Pell Grant, as long as you meet all other requirements.
Important to Remember
Your SAI is just one part of the process. Our Financial Aid team uses this information to create a personalized financial aid package designed to support you as you work toward your career in Esthetics.
Our financial aid office calculates the cost of attendance and subtracts the amount the student and the family are expected to contribute toward that cost. If there’s anything left over, the student is considered to have financial need.
Students must attend class and achieve passing scores on both written and practical tests to be eligible for financial assistance.
This can become a vicious circle; aid is stopped because the student did not attend and the student cannot attend because the aid is stopped. The best solution is for the student to begin with a commitment to attend.
Students or applicants with any questions regarding Financial Aid or Self-Payment arrangements should contact the Financial Aid Office at 781.935.3344 ext. 254.
Unsubsidized Stafford Loans
are awarded to students regardless of financial need. Borrowers are responsible for paying the interest that accrues during any period. Independent students and students whose parents cannot get a PLUS Loan have higher unsubsidized loan limits. Interest rate is currently 6.53% fixed for the 2024-2025 & 2025-2026 award year.
Parent Loans for Undergraduate Students (PLUS)
allow parents to borrow on behalf of their dependent undergraduate student and are able to borrow amounts that cover partial or the entire tuition as long as it does not exceed the cost of attendance. In order to be eligible for the PLUS Loan, the student and parent must be United States Citizens or eligible noncitizens, not be in default on any federal education loans, not owe an overpayment on federal education grant, and meet other general eligibility requirements for the federal student aid programs. As with Unsubsidized Stafford loans, borrowers are responsible for the interest that accrues on PLUS Loans throughout the life of the loan. PLUS Loans are based on the credit of the borrower. Interest rate is currently 8.94% fixed for the 2026-2027 award year.
