We can help you get the financial help to become a student at Franklin Academy.
Can You Get Financial Aid for Beauty School?
The answer is YES! At Franklin Academy, we pride ourselves on helping our current and future students find the means to pay for their education. The stress that comes with paying for school can be challenging to navigate. Our on-site financial aid office is available to help you plan how you’ll pay for your education. Our helpful staff is available to help you find financial assistance, apply for student loans, and apply for scholarships and grants.
Beauty School Financial Aid
Franklin Academy offers scholarships and grants for our students to take advantage of during the school year. Our Professionalism Scholarship and Alumni Grant both provide opportunities to help cover the costs of your education. We are also approved to accept Title IV Funding for those students that qualify. To get started, please visit our Financial Aid Virtual Office.
Affordable Training with Outstanding Results
Financial aid is available for qualified students through the U.S. Department of Education. For more information about how financial aid works, please contact us below to schedule an in-person consultation with our Financial Aid department.
We’ve helped many students like you get the education they deserve so they can begin their careers in the beauty industry. Call or stop by our office today to learn how you can pay for your education with our Financial Aid Office.
Net Price Calculator
Calculate your estimated cost (price) of attendance at Franklin Academy using our Net Price Calculator. This gives you an estimation based on what similar students paid the previous year (excluding any grants or scholarships).
Filling Out a FAFSA
Filling out a FAFSA (Free Application for Federal Student Aid) is the first step in applying for Federal Financial Aid. Go to fafsa.ed.gov to learn more and begin your application. The school code for Franklin Academy is 038800. Go to fafsa.ed.gov
Code of Conduct
Schools participating in any of the Title IV loan programs are required by the Department of Education to develop, publish, and enforce a Student Lending/ F.A. Code of Conduct. The below code of conduct applies to all Board of Trustees members, officers, and employees of Franklin Academy, Inc.
Ban on Revenue Sharing Agreements
Franklin Academy, nor any of its officers, employees or agents will enter into any revenue-sharing arrangements with any lender, which is defined by the Higher Education Opportunity Act of 2008, amending the Higher Education Act of 1965, Pub. L. # 110-315 (2008), (“HEOA”) as any arrangement between a post-secondary institution and a lender that results in the lender paying a fee or other benefits, including a share of its profits, to the institution, or its officers, employees or agents, as a result of the institution recommending the lender to its students or families of those students.
Ban on Gifts
For those employees who have responsibilities regarding student finance and financial aid will not accept gifts from any lender, guaranty agency or loan servicer. A “gift” is defined as any gratuity, favor, discount, entertainment, hospitality, loan, or other item having monetary value of more than a de minimus amount. This prohibition is not limited just to those providers of Title IV loans but includes lenders of “private educational loans” as well. HEOA does provide for some exceptions related to specific types of activities or literature. This includes:
• Brochures or training material related to default aversion or financial literacy.
• Food, training or informational materials as part of training as long as that training contributes to the professional development of those individuals attending the training.
• Favorable terms and benefits to the student employed by the institution as long as those same terms are provided to all students at the institution.
• Entrance and exit counseling as long as the institution’s staff are in control and they do not promote the services of a specific lender.
• Philanthropic contributions from a lender, guarantee agency or loan servicer unrelated to education loans.
• State education, grants, scholarships, or financial aid funds administered by or on behalf of the State.
Ban on Contracting Arrangements
Financial Aid Office employees (or employees who otherwise have responsibilities with respect to education loans) will not accept any fee, payment or financial benefit as compensation for any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans.
Prohibition against Steering Borrowers
Franklin Academy and its officers, employees or agents will not steer borrowers to particular lenders, or delay loan certifications. This prohibition includes assigning any first-time borrower’s loan to a particular lender as part of the award packaging process or through other methods.
Prohibition on Offers or Funds for Private Loans
Franklin Academy and its officers, employees or agents will not request or accept any agreement or offer of funds for private loans. This prohibition includes any offer of funds for loans to students at the institution, including funds for an opportunity pool loan, in exchange for providing concessions or promises to the lender for a specific number of loans, or inclusion on a preferred lender list.
Ban on Staffing Assistance
Franklin Academy and its officers, employees or agents will not request or accept any assistance with call center staffing or financial aid office staffing. However, HEOA does not prohibit schools from requesting or accepting assistance from a lender related to:
• Professional development training for financial aid administrators.
• Providing educational counseling materials, financial literacy materials, or debt management materials to borrowers, provided that such materials disclose to borrowers the identification of any lender that assisted in preparing or providing such materials.
• Staffing services on a short-term, nonrecurring basis to assist the school with financial aid-related functions during emergencies, including State-declared or federally declared natural disasters, and other localized disasters and emergencies identified by the Secretary.
Ban on Advisory Board Compensation
Employees of Franklin Academy will not receive anything of value from a lender, guarantor, or group in exchange for serving on an advisory board. They may, however, accept reimbursement for reasonable expenses incurred while serving in this capacity.