Beauty salons are on a streak as the beauty care industry grows into an investment-worthy sector. In 2019, the industry reached a $66.16 billion market size.
Rapid growth has opened many career opportunities in hair styling and skincare. Many want to tap into this promising career field. So are you among the growing talents who want to take the hair styling route?
Need help financing your chosen profession? Read on to learn how you can finance your hair stylist training!
How Much Will Hair Stylist Training Cost Me?
Barber schooling can cost between $7,000 to $20,000, depending on several factors, including the length of the program. States impose different requirements and regulations that barber schools must fulfill. For example, aspiring hair stylists must complete 1,000 hours of Class “A” Barber in Texas. The longer the program, the more expensive the tuition fee.
Utilities and training supplies also increase the cost of hair stylist training. In addition, there’s the added cost of taking the state licensing board exam, and the cost of basic living such as food, lodging, and transportation.
Suffice it to say, barber programs, while less expensive than degree courses, are still quite an investment. Fortunately, you don’t have to shoulder the financial load alone. Below are financial aid programs that can help you reach your career goal.
What Financial Aid Programs Can Help Me?
One of the leading sponsors of financial aid programs for cosmetology is the U.S. Department of Education. Depending on the program applied for, the agency grants student loans of up to $12,500. For instance, direct subsidized loans have a grant limit of $5,500 annually.
Students who can’t get a Direct Subsidized Loan or need extra funding can apply for unsubsidized student loans. Depending on the criteria, you can get a maximum of $12,500 fund per year. Meanwhile, eligible applicants of the Federal Pell Grant may receive up to $6,895 for 2022 – 2023.
Working students with financial needs can opt to apply for Federal Work-Study Jobs. However, how much grant money you’ll get will depend on your job, income, and actual working hours.
Further, state grants offered by the Texas Department of Assistive & Rehabilitation Services (DARS) are up for grabs. DARS has a unique program to assist persons with disabilities in their careers. Hence, you can count on them to help you as you prepare to become a professional hairstylist.
You may also use your education veteran benefits to pay for your hair stylist training. Complete a Free Application for Financial Aid (FAFSA) to apply for these programs. Note that the type of grant you’ll receive will depend on the information you provide on your FAFSA.
Need help getting a grant from government-funded scholarships? Don’t fret as many private sectors offer educational aid. Private grants are often need-based, but some would require additional eligibility, such as high GWA.
Need help finding a suitable grant after exhausting all your scholarship options? Consider getting a private loan from credit unions, private lenders, or banks.
Invictus Career College: Trusted and Accredited
Enrolling in a state-accredited hair stylist training school would be best. Remember, federal and state financial aid programs are only accessible to students enrolled in state-accredited schools.
Fortunately, you can find an accredited, reliable barber school. You can trust Invictus Career College to help you become a competent hair stylist. Contact us to learn more about our programs and financial grants!
