Welcome to Marinello! Whether you are a recent high school graduate, interested in a career change, or just want to continue your studies, education is an investment in your future. See how our comprehensive financial aid programs can help you finance your career in beauty!
Marinello Schools of Beauty is committed to helping you finance your education affordably
An education in beauty may be more within reach than you realize.
Start by considering the range of financial assistance available to you at Marinello.
At Marinello, we offer a comprehensive financial aid program, which allows students to apply for financial assistance as needed in the form of grants, scholarships, and student loans.
Funds are available from many different sources, including the federal government, private resources and institutional resources.
Most of Marinello’s full-time students receive some form of financial assistance, and our financial aid staff is dedicated to supporting our students every step of the way.
For an overview of our Financial Assistance programs please view our Marinello Financial Aid slideshow.
For a list of Marinello Schools of Beauty locations and to schedule an appointment with our Student Finance Office please click here.
Our helpful team at the Student Finance Office are ready to help you every step of the way.
At Marinello, we provide all current and future students with in-depth information about the federal, state, private, and institutional education loans and grants. Unlike other schools, we also estimate how much Financial Assistance a student may qualify for. This way, students will have a general idea of what types of financial aid are available.
Upon formal application for certain funding sources, the federal, state and private party providers of the funding sources determine the student’s actual eligibility for specific Financial Assistance;
the availability of Financial Assistance, including scholarships, is subject to change or be terminated at any time for any reason including due to changes in legislation or availability of funds;
the student, not the school, is responsible for applying for different sources of Financial Assistance; and
the student is responsible for repaying the full amount of any Financial Assistance received in the form of a loan, plus interest and fees less any amount of the loan that may be refunded.
All Marinello Schools of Beauty locations are designated as eligible institutions by the U.S. Department of Education ("Department of Education") for participation in the following federal programs of student financial aid. To apply for student financial aid under the following federal programs, a student (and parent, if the student is considered a dependent) must complete and submit a Free Application for Federal Student Aid online at fafsa.ed.gov.
The Federal Pell Grant Program is designed to assist eligible students in obtaining financial access to the school or college of their choice. For eligible undergraduate students who qualify, Federal Pell Grants are offered up to $5,730 per year to $5,775 per year, depending on the expected contribution of the student and their family toward the student’s education (the Expected Family Contribution or "EFC"), the student’s enrollment status, Pell Lifetime Eligibility Used, and how much of the student’s remaining education falls within the current Federal award year (July 1 - June 30). In order to be eligible for a Federal Pell Grant, a student may not have previously received a bachelor’s degree from any educational institution.
The Federal Supplemental Educational Opportunity Grant Program ("FSEOG") provides assistance to exceptionally needy undergraduate students. A priority is given to Pell Grant recipients with the lowest EFCs. Federal rules permit an eligible student to receive the school’s designated award for each academic year based on FSEOG funds allocated to the school each year. A student’s eligibility for FSEOG funds is determined annually.
Federal Direct Subsidized loans are available to eligible undergraduate students enrolled at least half-time at an eligible institution (all Marinello students are enrolled at least half-time) and are based on the financial need demonstrated by each student. A Marinello undergraduate student may borrow up to $3,500 for the first academic year (first 900 hours of instruction), $4,500 for the second academic year (subsequent hours up to 900 hours), and $5,500 for any academic years thereafter. Annual loan limit amounts are pro-rated for enrollment in programs that are less than one academic year (i.e., less than 900 hours) or in the final academic year of any program longer than one academic year.
As of July 1, 2015, the interest rate on a Federal Direct Subsidized Loan is 4.29% for each Federal Direct Subsidized Loan that the student receives during the 2015-2016 award year.
A student must repay his or her Federal Direct Subsidized Loans based on the amount borrowed, with a minimum payment of $50 per month, beginning six months after graduation or termination of studies or enrollment on at least a half-time basis ceases. The Department of Education pays the interest on a Federal Direct Subsidized Loan during the student’s enrollment plus for the first six months after the student leaves school (referred to as a grace period*). The Department of Education also pays the interest on a Federal Direct Subsidized Loan during any period of deferment (a postponement of loan payments). A student who is seeking and is unable to find full-time employment or suffers economic hardship may also receive a forbearance of repayment of a Federal Direct Subsidized Loan for up to three years.
Federal Direct Unsubsidized Loans are available to eligible undergraduate and graduate students enrolled at least half-time at an eligible institution (all Marinello students are enrolled at least half-time). A demonstration of financial need is not required.
An undergraduate student who is classified as independent, or those classified as dependent and whose parents fail to qualify for a Federal Direct PLUS Loan, may borrow up to:
$3,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $6,000 additional Direct Unsubsidized Loan for the first academic year;
$4,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $6,000 additional Direct Unsubsidized Loan for the second academic year; and
$5,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $7,000 additional Direct Unsubsidized Loan for each of the third and subsequent academic years
A dependent undergraduate student whose parents are eligible for a Federal Direct PLUS Loan may borrow up to:
$3,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $2,000 additional Direct Unsubsidized Loan for the first academic year;
$4,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $2,000 additional Direct Unsubsidized Loan for the second academic year; and
$5,500 of combined Federal Direct Subsidized and/or Direct Unsubsidized Loans plus $2,000 additional Direct Unsubsidized Loan for each of the third and subsequent academic years.
Effective July 1, 2015, the interest rate on a Federal Direct Unsubsidized Loan is 4.29% for an undergraduate student. The terms and conditions of the Federal Direct Unsubsidized Loan, including deferments and loan charges, with a few exceptions, are
the same as the Federal Direct Subsidized Loan described above. However, the student is responsible for paying the interest on any Federal Direct Unsubsidized Loan during all periods (while in school and during any grace, deferment, and/or forbearance period). If the student chooses not to pay the interest while in school and during grace, deferment and/or forbearance periods, the interest will accrue (accumulate) and be capitalized (interest will be added to the principal amount of the loan). The capitalized interest then becomes part of the amount (principal) upon which future interest is calculated.
Federal Direct PLUS Loans (PLUS) are for the parent(s) of a dependent undergraduate student enrolled on at least a half-time basis in a program of study leading to a certificate at Marinello. The maximum Federal Direct PLUS Loan amount a parent or may borrow is the cost of attendance minus any other Financial Assistance received. As of July 1, 2015 the interest rate for PLUS Loans is 6.84% on each PLUS Loan that a borrower receives during the 2015 - 2016 award year. PLUS Loan borrowing is limited to parent(s) of dependent undergraduate students with a favorable credit history. A credit approval or denial determination is valid for up to 180 days from the credit decision date. PLUS Loans enter repayment once the loan is disbursed. If necessary, the parent borrower may contact the loan servicer to request a deferment while the parent or dependent undergraduate student is enrolled at least half-time and for an additional six months after the dependent undergraduate student ceases to be enrolled at least half-time. If the loan is deferred, interest will accrue on the loan during the deferment. The parent borrower may choose to pay the accrued interest or allow the interest to capitalize. The loan servicer will notify the parent borrower when the first payment is due.
Marinello Schools of Beauty honors servicemen and women of the armed forces by offering military scholarships and participating in military tuition assistance programs (at approved campus locations). VA Benefits and Tuition Assistance programs are available to eligible active and inactive service members and their families. It’s our privilege to provide beauty school scholarships to those who qualified and have sacrificed so much for our country through their services in the following armed forces:
Army National Guard
With growing needs in the beauty industry, Marinello’s world-class career training programs can help you, your spouse and/or dependents achieve your career goals.
A. A Federal School Code is used to complete a Free Application for Federal Student Aid (FAFSA) which is required to apply for Federal Financial Aid. For a list of Marinello school location Federal School Codes please click here.
Q. How do I apply for Federal Financial Aid?
A. The first step is to electronically complete and submit the Free Application for Federal Student Aid (FAFSA) by the March 1st priority deadline each year. Once the FAFSA is completed with Marinello’s Federal School Code included on the application, a student aid report (referred to as a SAR) will be sent to you, the student, and Marinello from the U.S. Department of Education’s central processing system (referred to as CPS). Marinello will then review the report for accuracy and may request additional documents or information in order to successfully complete and submit your Financial Aid file for awarding of Federal Financial Aid. For more detailed instructions and links, please click here
Q. What are the most common errors when applying for financial aid?
Filing your application late
Incorrect social security numbers
Omitting the Federal School Code on the FAFSA
Not using your legal name as displayed on your social security card
Not linking to the IRS Tax Retrieval site
Submitting illegible, incomplete, or unsigned documentation
Failing to include parent and/or step-parent income
Failing to report untaxed income such as child support received, payments to tax deferred pension and savings plans, IRA deductions, Tax Exempt interest income, Untaxed portions of IRA or Pension distributions, Living allowance paid to members of the clergy, Veterans non-educational benefits, Workers' Compensation, Disability, etc.
Under reporting or failure to report parent and/or student assets - examples found on the FAFSA Worksheet.
Incorrect reporting of number in household/college on the FAFSA
Please be sure to double check your FAFSA carefully before submitting it.
Q. What type of financial aid is available at Marinello Schools of Beauty?
A. Financial aid takes many different forms and comes from a variety of sources including federal, state, institutional, and private resources. These resources are all outlined above and in our Understanding Financial Aid presentation.
Q. What is meant by "financial need"?
R. Each student’s individual financial need is calculated based on the following formula: Cost of Attendance (COA) - Expected Family Contribution (EFC) = NEED. The Expected Family Contribution (EFC) is calculated by the Federal Department of Education from the information reported on your FAFSA. The EFC formula considers income, assets, family size and number of family members in college.
Q. What if my family has extenuating or unusual circumstances?
R. Families who experience a significant change in income, marital status, loss of job, or encounter special circumstances that are affecting their current financial situation must provide a detailed explanation of the situation along with supporting documentation to the Financial Aid Office in order for a financial aid representative to perform an accurate evaluation. Please provide such information as necessary.
Q. Department of Educations Marinello have alternative financing options?
A. The financial aid office has resources it attempts to distribute as equitably as possible to all of our financial aid applicants. Some families supplement their EFC or any unmet need through a variety of resources such as the federal parent PLUS loan program, a private alternative loan or through a monthly payment plan.
Q. How much aid will I receive?
A. A financial aid representative will provide you with a Student Financing Estimate of possible awards/loans during your visit at a school. Please consider coming to one of our locations for an in-person visit where all of these options and more can be more fully explained.
Q. When will I know how much aid I have been awarded?
A. If you have submitted your FAFSA by the March 1 priority deadline and have been formally accepted for Admission to Marinello, you will receive an "estimated" financial aid award notification. The award will provide all the details of your "financing package". Students selected by the Federal government for a process called "Verification" must submit additional documents to the Financial Aid Office to verify certain information submitted on the FAFSA. For those students, a final award will be made once all required documentation has been submitted. Your estimated award may be subject to change if the documentation you provide indicates a significant difference from the information originally reported on your FAFSA.
Q. If I receive an outside scholarship must I notify the Financial Aid Office?
A. Yes. Anytime a student receives funds from an outside company, employer, agency, military, or civic group they must report it to the Financial Aid Office. Any outside scholarship will first be used to satisfy unmet need and then to replace self-help (such as federal loans). Outside scholarships do not include any tuition deduction benefits, etc.
Q. Will Marinello match a financial aid package from another institution?
A. Each institution has its own unique set of awarding criteria that may treat students differently, especially when it comes to awarding institutional funds. However, Federal Financial Aid loan limits and eligibility criteria are determined by the federal government and are the same for all eligible schools participating in the Title IV Federal Financial Aid Programs. Marinello will work diligently with you to ensure you fully understand how you will be able to afford your education costs.
Q. Do I have to re-apply for financial aid every year?
A. Yes. Financial aid is not automatic and must be reapplied for each year. You can file the FAFSA any time after January 1. Our priority deadline to submit the FAFSA is March 1.
Q. Am I guaranteed my financial aid each year?
A. A student’s need is determined for one year at a time and is, therefore, subject to change from one year to the next. Students are required to re-submit a new FAFSA by the annual deadline each year. The Financial Aid Office strives to maintain the same award from year to year. However, there are certain factors that can cause a significant change to a financial aid award. These include (and are not limited to) changes in a family's expected family contribution (EFC), a reduction in the number of family members in college/household, a change in marital status, and maintaining satisfactory academic progress while attending Marinello.
Q. Who do I contact with additional questions or for more information on financial aid?
R. A Financial Aid Office is located at any of our Marinello School of Beauty locations near you. Here’s a list of Marinello locations and their contact information.
Federal Student Aid
Access the Department of Education website that offers FREE help completing the FAFSA, applying for a SFA ID, and planning for college from elementary school through graduate degrees.
Financial Aid Information
Access information about financial aid for students including information on eligibility requirements and who to contact for further information.
Federal Student Aid ID
Create your FSA ID to access Federal Student Aid’s online systems, serve as your legal signature, and
apply for federal student aid.
Free Application for Federal Student Aid (FAFSA)
Complete and submit your FREE application for federal aid here!
Also visit this site to correct any existing applications or to complete a renewal application.
You need to complete a new FAFSA for every academic year you plan to attend school.