CATALOG - Beauty Schools of America

AMOUNT OF AID DETERMINATION
The Cost of Attendance (COA), also known as the Student Budget, minus your Expected Family Contribution (EFC), equals your Financial Need. The EFC is a
number that appears on your Student Aid Report (SAR). The student budget includes tuition, fees, room and board, books and supplies, transportation, personal,
dependent care, handicap care and miscellaneous expenses for one academic year cost.
Listed below is an example of the cost of attendance for a student attending Cosmetology or Barber program for one academic year.
The COA based on full-time enrollment for 2012-2013 for a student living at home with parents is:
COA
Amount
Tuition $ 13,917.12
Fees $ 100.00
Books and Supplies $ 1,537.30
Room and Board $ 3,573.00
Transportation $ 1,350.00
Personal $ 1,998.00
Dependent Care $
Handicap Care $
Miscellaneous $
Total $ 22,475.42
The COA based on fulltime enrollment 2012-2013 for a student living away from home is:
COA
Amount
Tuition $ 13,917.12
Fees $ 100.00
Books and Supplies $ 1,537.30
Room and Board $ 9,243.00
Transportation $ 1,350.00
Personal $ 3,744.00
Dependent Care $
Handicap Care $
Miscellaneous $
Total $ 29,891.42
NOTE: Financial Aid and any other outside resources cannot exceed the student budget.
VERIFICATION POLICY AND PROCEDURES
Each year the U.S. Department of Education randomly selects financial aid recipients whose documentation will be verified. Only those students who are selected
for verification by the U.S. Department of Education will be required to submit supporting documents for claims they have made on their FAFSA application. All
students will be notified in writing in a timely manner if they have been selected for verification. Students have 30 calendar days from the date of notification to
complete verification and submit documents to the Financial Aid office. Listed below are documents that could be required for verification purposes:
• A dependent student is required to provide their 2011 IRS Tax Return Transcripts along with their parent’s.
• An independent student is required to provide their 2011 IRS Tax Return Transcripts and their spouse’s if married.
• If a dependent/independent student received Food Stamps/SNAP (Supplemental Nutrition Assistance Program) for 2011, then a copy of the written
documentation or receipt of benefits from the issuing agency will be needed.
• If a dependent/independent student paid child support, the documentation of child support must include the total amount of child support paid, the name
of the person(s) to whom child support was paid to, and the name of the children for whom child support was paid.
B E A U T Y S C H O O L S O F A M E R I C A ®
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