Cozmo Beauty School

It's Not Work If You Love It!

financial aid

As an accredited beauty school you may apply and be eligible for financial aid and grants as well as scholarship opportunities. We also have monthly payment plans available and access to other loan options. You can see if you’re eligible for financial aid by filling out your FAFSA here and entering the school code: 041350  Because every student’s situation is different we can’t guarantee the amount of funds you may be eligible for, however generally speaking students with an EFC of 0 are eligible for the full amount of Pell Grants and Federal Loans which will cover a majority or all of the cost of attendance.

Applying for Financial Aid is free and available to everyone, regardless of your financial situation.  It’s alway a good idea to apply as you may be eligible for Grants up to $7,395 for the 2023-2024 school year to help pay for tuition and you will need your 2021 taxes.  Watch a short video here on what the FAFSA is and how to apply or please feel free to call us at (239) 495-1810 and we can assist you over the phone or happy to setup an appointment to do so in person.  Additionally, alternate Financing options available through Climb Finance.

The U.S. Department of Education offers several Financial Aid programs for eligible students enrolled in eligible programs at Cozmo Beauty School: Federal PELL Grants, Federal Direct Student Educational Loans, and PLUS Loans.  Students must have a High School Diploma (or equivalent) or GED in order to apply for Financial Aid.  A FAFSA application must be filled out which will determine a students eligibility for any of the following programs Cozmo Beauty School offers. 


These are need based grants of Financial Aid that do not have to be repaid. They are awarded to help eligible students pay for their education after high school, if they attend an accredited school that is eligible to participate in the Federal Financial Aid program. The amount of Pell grant funds the student will be awarded will depend on their own financial situation as well as the length and cost of the course they are taking as determined by a student’s EFC after filling out a FAFSA. Students need to have a HS Diploma or GED to be eligible for Grants and Financial Aid


These are educational loans that may be available up to a maximum of $3,500.00 in subsidized loan funds and $2,000.00 in unsubsidized loans for a dependent student and $3,500 subsidized loans and $6,000.00 for an independent student in the first academic year (0 – 900 hours). Subsidized loans are need based and the federal government pays the interest while students are in school and through their grace period of six months. Unsubsidized loans are not need based; interest is either paid or allowed to accrue during a student’s time in school and through the grace period.


These loans are for parents who want to borrow money to help pay for their child’s education. The interest rate on these loans is adjusted annually. Repayment begins 60 days after the loans is fully disbursed.

For more detailed information of Financial Aid, please request “The Student Guide” printed by the U.S. Department of Education is available at no charge:

*Title IV Disclosure: Cozmo Beauty School does not discriminate on the basis of sex in the education programs or activities it operates and that it is required by Title IV not to discriminate in such a manner. Questions regarding Title IV may be referred to our Director of Financial Aid/Title IV Coordinator or to the Office of Civil Rights.


Most frequent questions and answers

Absolutely!  That’s what we’re here for.  We have a full time Financial Aid Administrator on campus to help go over any questions or concerns you may have.  Contact Us to setup a time to come in

Cozmo Beauty School offers monthly payments in addition to alternative financing options available through Climb Finance.  Please contact us for more information on our payment plans and alternate options.

You don’t have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment. However, PLUS loans enter repayment once your loan is fully disbursed (paid out).

Your loan servicer or lender must provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment. Keep in mind that your loan may have a grace period.

What’s a grace period?

The grace period is a set period of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. The grace period gives you time to get financially settled and to select your repayment plan. Not all federal student loans have a grace period. Note that for most loans, interest will accrue during your grace period.

  • Direct Subsidized Loans, Direct Unsubsidized Loans, Subsidized Federal Stafford Loans, and Unsubsidized Federal Stafford Loans have a six-month grace period before payments are due.
  • PLUS loans have no grace period. They enter repayment once they are fully disbursed but may be eligible for a deferment. Contact your loan servicer for more information.
  • If you received a Federal Perkins Loan, check with the school where you received your loan.

Can my grace period change?

Circumstances that may change your grace period include the following:

  • Active duty military—If you are called to active military duty for more than 30 days before the end of your grace period, you will receive the full six-month grace period when you return from active duty.
  • Returning to school before the end of your loan’s grace period—If you reenroll in school at least half-time before the end of your grace period, you will receive the full six-month grace period when you stop attending school or drop below half-time enrollment (other conditions apply).
  • Loan consolidation—If you consolidate your loans during your grace period, you will give up the remainder of your grace period and begin repayment after your Direct Consolidation Loan is disbursed (paid out).  Your first bill will be due approximately two months after the Direct Consolidation Loan is disbursed.

A forbearance is an arrangement to postpone or reduce your monthly payment amount for a limited and specific period during which you are charged interest. If you indicate a temporary inability, but willingness to pay the loan(s), you may ask for or be offered a forbearance. For all Direct Loans, interest that accrues during a forbearance is the responsibility of the borrower. When you re-enter repayment at the end of the forbearance period, any unpaid interest capitalizes (is added to the principal balance).

A deferment is a period in which repayment of principal and interest is postponed temporarily. During the deferment of a subsidized loan (Direct Subsidized and Direct Subsidized Consolidation Loans), the government pays the interest that accrues. For unsubsidized loans (Direct Unsubsidized, Direct PLUS, Direct Unsubsidized Consolidation, and Direct PLUS Consolidation Loans), you are responsible for the interest that accrues during the deferment period. If you have unsubsidized loans, any unpaid interest capitalizes (is added to the principal balance) when you enter repayment at the end of the deferment.

Deferment and Forbearance forms can be found by clicking the link below.

Phone: 800.848.0979

Navigating your financial future provides comprehensive debt management tools to identify key solutions, which contribute to the effective management of student loan repayment. This program is composed of multiple resources dedicated to promoting a positive credit profile, fostering a deeper understanding of budgeting skills.