Your decision to attend MarJon should be based on your interest in our
courses and not in your ability to meet all school costs. MarJon believes
that no student should be denied the opportunity to pursue his or her
career interests because of the lack of financial resources. To assist
you in meeting your educational expenses, MarJon participates in several
financial assistance programs. In many cases, our financial aid office
awards "qualified" students a financial aid "package",
and will provide assistance in completing your financial aid forms during
your visit to MarJon. Packaging includes several types of financial assistance
available.
Financial Aid Programs:
Pell Grants:
The Pell Grant is for students who have not completed a bachelor's
degree. Eligibility for this grant is determined by the Federal government
based on the information provided on the Free Application For Federal
Student Aid (FAFSA). In approximately one week, the student will receive
a Student Aid Report (SAR). Please keep this document as the FA office
will receive this electronically. If any changes need to be made the FAO
will then need your SAR.
Federal
This is a loan that enables you to borrow money for educational
expenses directly from a bank, credit union, savings & loan association
or any other participating lender. Students may borrow up to $2625 per
academic year without Interest accumulates while in school and 6 months
after you leave or drop below half-time status. Repayment begins 6 months
after you drop below half-time status or leave school with a minimum monthly
payment of $50. All loan applicants must complete a FAFSA and the Federal
Federal
The UNSUB operates identically to the terms and conditions
of the SUB except the the borrower has the choice
to pay the interest while in school or have it capitalized.
Federal Parent Loans for Undergraduate Students (PLUS):
This is a program of loans for parents of dependent undergraduate
students who may borrow up to the yearly cost of attendance minus any
expected financial aid. PLUS borrowers must begin repayment within 60
days of first disbursement. A borrower does not have to show need, but
may have to undergo a credit analysis.
Other Sources of Aid:
New York State Indian Aid:
Native Americans who are on an official tribal roll of one of the
eight Indian tribes and nations recognized by New York State, or who are
the child of such an enrolled member are eligible to apply for this grant.
You must be enrolled in an approved undergraduate program. Students should
apply one semester at a time.
New York State Department of Veterans Affairs determines your
eligibility and mails award confirmation directly to you. For more information
about the award, please contact the Financial Aid Officer at the school.
Veterans Benefits:
MarJon is approved by the New York State Education Department
for the training of veterans and other eligible persons.
Governmental Agencies:
Various agencies administer programs which assist with educational
costs. Further information can be obtained by your high school guidance
counselor, other social service agencies or MarJon.
Distribution of Financial Aid
All student aid grants (PELL) are credited to your account each term that you are enrolled as a regular student in an eligible program. All loans (SUB FSL, UNSUB FSL, PLUS) are credited to your account as follows: A loan is certified for 2-4 disbursements over the student's enrollment period. The student must have been enrolled thirty (30) calendar days and have 500 completed clock hours respectively in order to have funds disbursed. The funds are credited to your account and any refund will be issued within 7-14 calendar days. If a student applies for and receives a loan, the full amount of instructional and equipment costs are due and payable to MarJon upon receipt of the above mentioned loan.
Rights and Responsibilities of Financial Aid Recipients
You are eligible to receive financial aid as long as you remain in good academic standing. All financial aid eligibility is reviewed for academic progress the last Saturday of the month. Attendance in class is mandatory for receiving financial aid payments. If you fail to maintain satisfactory academic progress, you will be notified by the Director or the Administrator. Financial aid will be suspended until satisfactory academic progress is again achieved. A student's financial aid will be reduced to reflect the enrollment status for those classes attended.
Transfer Students:
Students who attend any other cosmetology or technical school,
college or university must request a Financial Aid Transcript (FAT) from
each school attended. Financial assistance awards will not be distributed
until all FAT(s) have been received.
