How is financial aid determined?
Financial aid is determined by the analysis of the financial status of the student's and/or the parents' income. You must complete a Free Application for Federal Student Aid (FAFSA) distributed by the U.S. Department of Education
What is my financial aid need?
Financial aid need is detemined by the cost of attendance and expected family contribution.
The different types of aid:
A Federal Pell Grant: Pell Grants are awarded only to undergraduate students who have not earned a professional degree or a Bachelor's, and does not have to be rewarded.
Subsidized Stafford/Direct Loans: Awarded on the basis of financial need. Interest will start to accrue on the students
Last day attended at the institution. The federal government “subsidizes” the interest while the student is in school.
Unsubsidized Stafford/Direct loans: this type of financial aid loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accumulate, and the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount.
Parent Plus Loans: a loan that your parent can take out to help pay for school. It is credit based, and parents must be approved for this loan to be authorized.
For more information on Federal Student Aid visit www.studentaid.ed.gov
Aveda Institute Maine
every year has a limited amount of High School Scholarship. To help with your financial needs, Aveda Institute Maine offers in-house interest free payment plans while you are attending school. Our knowledgeable admissions staff are happy to help you set up a package that works best for you. Call today! 207-621-9941.