Financial Assistance

Financial Aid

Financial Aid is available to those who qualify for our Cosmetology 1500 hour program, the Limited Barber 800 hour program, the Esthetician 600 hour program, and the Instructors 1000 hour program. All students applying for any of these programs can fill out the Free Application for Federal Student Aid (FAFSA). You can complete this form with one of our helpful Financial Aid advisors or go to to submit your application online. Our Federal School Code is 041774. Financial aid awards are contingent upon a student completing and returning all the necessary paperwork to the school in a timely manner.

If your FAFSA is already complete for this current award year, you will not need to submit a duplicate application, as it will be rejected by the Department of Education. Log on to and add our school code 041774 to your existing application as a school you are interested in attending. You can also call the Student Aid Information Center at 1-800-433-3243 to add Capilo School as a school you are interested in attending.
Make-up Kit — Cosmetology in Augusta, ME
Financial Aid Basics
You must meet these requirements to be eligible:
  • Be a U.S. citizen or eligible non-citizen
  • Demonstrate financial need
  • Hold a high school diploma, a general education diploma (GED), or Verified Home-schooling certificate
  • Be enrolled or accepted for enrollment as a regular student working toward a certificate in an eligible program
  • Have a valid Social Security Number
  • Make satisfactory academic progress
  • Complete a Free Application for Federal Student Aid (FAFSA)

How is financial aid determined? The basis of determining a student's financial need will be an analysis of the financial status of the student's and/or the parents' income. This analysis is accomplished by completing a Free Application for Federal Student Aid (FAFSA) distributed by the U.S. Department of Education

What is my financial aid need? This would be cost of attendance and expected family contribution.

The different types of aid:
Pell Grants: A Federal Pell Grant is not a loan and does not have to be repaid. Pell Grants are awarded only to undergraduate students who have not earned a professional degree or a Bachelor's. Pell Grants can base or provide a foundation of financial aid to which other aid may be added.

Subsidized Stafford/Direct Loans: A subsidized loan is awarded on the basis of financial need. Interest will begin to accrue on the student's last day attended at the institution. The federal government “subsidizes” the interest while the student is in school.

Unsubsidized Stafford/Direct loans: An unsubsidized loan is not awarded on the basis of need. Interest will be changed while you are attending school. 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, it will be capitalized, meaning that the interest will be added to the principal amount of your loan and additional interest will be based upon the higher amount.
Step 1 >> Create a PIN

Step 2 >> Complete a FAFSA

Step 3 >> Call Financial Aid Office
1 - 207 - 621 - 9941

Financial Aid Resources
- to complete FAFSA
- to complete entrance counseling and MPN
To create/retrieve pin# for FAFSA
To complete exit counseling

Useful Links

Department of Education - The Student Guide - Federal financial aid information

The Smart Student Guide to Financial Aid - Scholarship search and financial aid information

Federal Direct Loan Program

Internal Revenue Service - tax information Here

Netprice Calculator
Parent Plus Loans: A Parent Plus loan is a loan that your parent can take out to help pay for school. It is a credit based loan and parents must be approved for this loan to be authorized.

The State of Maine Grant Program provides need-based grants to Maine undergraduate students. For the 2015-2016 school year, the grant is $1,500. Get more info at:

For more information on Federal Student Aid visit

Aveda Institute Maine a Capilo School every year has a limited amount of High School Scholarships that Maine high school students can apply for. Aveda Institute Maine a Capilo School also offers in-house interest free payment plans while you are attending school to also help with your financial needs. Our helpful and knowledgeable admissions staff will work to set up a package that works best for you.

The School will provide any student (or in case of a dependent minor student who is under the age of 18, the student's parent or legal guardian), the opportunity to review the student's records, and to seek correction of information contained in those records, and will deny disclosure of information from the records to unauthorized persons without the signed, specific written consent of the student (or the student's parent or legal guardian, if the student is not of legal age). Authorized persons include, the school staff, Maine Barbering and Cosmetology Program, National Accrediting Commission of Cosmetology Arts and Sciences staff and representatives, and other individuals permitted to access student records in accordance with FERPA. All current student records are kept in fire-resistant file cabinets at our Administrative Office. Past graduate records are additionally kept for a period of five years. Any student (or eligible parent or guardian) wishing to review the appropriate file may schedule an appointment by making a written request to the Administrative Office. The review will be scheduled at a mutually convenient time within 48 hours of the written request, at which time the reviewer may request correction of, add a statement to, or request copies of any or all of the records. A charge of 50 cents per page will be made for copying such records.
Contact Information
Aveda Institute Maine
Tel: 207-621-9941
43 Bridge St, Augusta, ME 04330
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The Net Price Calculator, (required under a provision of the Higher Education Opportunity Act), will allow prospective students and their families to estimate their personal out-of-pocket expenses
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