FINANCIAL AID RESOURCES
COSMETOLOGY & INSTRUCTOR FINANCIAL AID RESOURCES
Education is a big investment. The training you’ll receive at Diamonds increases your chances of finding a great career. And it decreases your chance of being unemployed. You’ll be more likely to find an interesting, rewarding career in a field that offers a lot of opportunity. When you graduate from Diamonds, you stand a better chance of finding a job and making more money than your peers with less education. Combine that with greater opportunities for job satisfaction, and your Diamonds College’s training becomes an investment that’s hard to beat! We suggest you download The Guide to Federal Student Aid and visit www.studentaid.ed.gov or www.finaid.org for more information.
Financial resources available to those who qualify:
FEDERAL GRANTS are monies given to people to help pay for school. If you are awarded money, you do not have to pay it back. This is awarded based on financial need.
DIRECT LOANS are borrowed monies through the U.S. Department of Education that must be repaid (with interest).
DIRECT Subsidized Loans are awarded to students who show financial need and is interest-free while the student is in school. You must start to repay this loan beginning six months after you leave school.
DIRECT Unsubsidized Loans are available to all students, regardless of financial need. Interest does start on this loan while the student is in school.
DIRECT Plus Loans are only available for parents of Dependent Students. Financial need is not a consideration. If approved for this loan, the amount will be applied directly to the student’s account. If the loan is denied, the student may apply for the maximum amount available in an Direct Unsubsidized Loan.
Students who are not eligible for financial aid funding through any of the above agencies may apply for Diamonds College's in-house financing. Financing is interest free and paid in monthly payments.
Texas Department of Assistive & Rehabilitative Services (DARS) assists people who have disabilities prepare for, find and keep jobs. To locate an office in your area visit: www.dars.state.tx.us or call 1-800-628-5115.
Diamonds College is also approved by Choctaw Nation of Oklahoma for the training of students in Cosmetology www.choctawnation.com call 1-800-522-6170 for more information.
Veterans Affairs Education Benefits (VA) is available for people who are eligible for veterans benefits. You can download an application form at www.gibill.va.gov or you may call 1-888-442-4551 to have an application form mailed to you or for additional questions.
Diamonds College offers $500 Merit Scholarships based on individual situations and need. To apply, call 903.891.0758 and make an appointment with the Diamonds' Admission team. Present in writing how you will benefit from this training and give back to the community.
Scholarships are provided by some companies, professional associations, and religious groups to individuals or their family members seeking an education. Searching the internet is a great way to see what might be available to you. Some local libraries even offer free internet usage.