Financial Aid/Cost of Attendance

• The primary source of Financial Aid that Federico Beauty Institute offers is Title IV Federal
Funding.
• Title IV Funding consists of Federal Pell Grants, Federal SEOG Grants, AND Federal Direct
Stafford Students Loans and the PLUS (parent) Loans, depending on what you qualify for.
• Federal Grants are given out based upon financial need, considering various qualifications
such as income, family size, assets, etc.
• Student Loans are not based on credit worthiness, yet there is a maximum amount that stu-
dents are allowed to take out per academic year. PLUS (parent) Loans are based on a credit
check, and if qualified they may apply for a loan up to the cost of the education.
• To apply for Title IV Funding the student must meet with a Financial Aid Advisor, submit a
completed FAFSA form, log onto www.fafsa.ed.gov enter Department of Education school
code #007253. Other sources of Financial Funding can include, but are not limited to:
- Adult Education Funds (if available)
- Industry Scholarships
- Vocational Rehabilitation
- VA Approved Benefits
- SETA or WIA Funding
- Private Scholarships acquired on an individual basis (example: Bureau of Indian
Affairs, CIMC, Rotary, Kiwanis, Various Salon Chain Scholarships, etc.) also check out
www.fastweb.com for scholarship searches.
• We also accept monthly cash or credit payments.

Cost of Attendance
These are the current costs for our courses; however these prices are subject to change.

Esthetics Course:
Esthetics Costs:
Tuition and Registration Fees: $7,285.00
Supplies Estimate: $1,800.00
STRF (Student Tuition recovery Fund): $18.00
General Fees Total: $9,103.00
Additional Cost:
State Board Fees Estimate: $40.00

Extra costs not covered by Financial Aid

State Board fees, additional supplies if needed

Cosmetology Course:
Tuition and Registration Fees: $12,885.00
Supplies Estimate: $3,200.00
STRF (Student Tuition Recovery Fund): $33.00
General Fees Total: $16,121.00

Extra cost not covered by Financial Aid: State Board fees, additional supplies if needed.

1515 Sports Drive • Sacramento, CA 95834 • 916 929 4242

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 Get an education. Get a tax break.
The taxpayer Relief Act of 1997 can help
you put money back in your pocket. Your tax
consultants will have the details. See if the
following pertain to you:

Hope Scholarship Credit

Taxpayers can claim a non-refundable credit
against federal income taxes for EACH
student in the taxpayer’s family enrolled at
least half-time in one of the first two years of
post-secondary education in a program leading
to a certificate, degree or other recognized
educational credential.

Lifetime Learning Credit

Taxpayers can claim a non-refundable Lifetime
Learning Credit against federal income tax for
the qualified tuition and related expenses of
the students in the taxpayer’s family who are
enrolled in eligible education institutions.

Reporting Requirements
Federico Beauty Institute will report informa-
tion to the IRS on all students enrolled for the
tax year. A student’s Social Security Number
(SSN) is the key to reporting, to ensure that
accurate and complete information is provid-
ed to the IRS, Federico Beauty Institute must
have a SSN for each student enrolled.

Questions related to your tax situation should

be addressed directly to the IRS or your tax
consultant or accountant. Information on
the HOPE scholarship and Lifetime Learning
Credits can also be found on the U.S. Depart-
ment of Education Web Site at:
www.ed.gov/offices//ope/ppi/hope/

Taxpayer Advice by Telephone

Internal Revenue Service:
1-800-829-1040 Monday-Friday
7:30 a.m.-5:30 p.m.

1515 Sports Drive • Sacramento, CA 95834 • 916 929 4242

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