Education is a big investment. The training you’ll receive at Bucker Barber School increases your chance of finding a great career. And it decreases your chance of being unemployed. You will be more likely to find an interesting, rewarding career in a field that offers a lot of opportunity. When you graduate from BBS, you stand a better chance of finding a job and making more money than your peers with less education. Combine that with greater opportunities for job satisfaction, and your BBS training becomes an investment that is hard to beat. Below are some of the resources available to students to help with the cost of their education.
Financial Aid is available to those who qualify;
FEDERAL PELL GRANTS are monies given to people to help pay for school awarded based on financial need.
DIRECT LOANS are borrowed monies through the U.S Department of Education that must be repaid (with interest)
DIRECT SUBSIDIZED LOANS are awarded to student who show financial need and don’t accrue interest while the student is in school. You have six months grace period after you graduate, withdraw or drop below half-time.
DIRECT UNSUBSIDIZED LOANS are available to all student, regardless of financial need. Interest does accrue on this loan while the student is in school.
DIRECT PLUS LOANS are only available for parents of Dependent Student. Financial need is not a consideration, but a credit check is required.
PRIVATE/ALTERNATIVE LOANS can provide additional funding to assist student with their education. These are generally provided by banks and credit unions and other private lending institution. Information on these loans can be found on the web at a site like www.fastweb.com.
SCHOLARSHIPS are provided by some companies, professional associations, and religious groups to individuals or their family members seeking assistance paying for their education. Searching the internet is a great way to see what might be available to you.
STATE GRANTS are available through the Texas Department of Assistive & Rehabilitation Services (DARS) which assists people who have disabilities prepare for, find and keep jobs. To locate an office in your area visit: www.dars.state.tx.us or call 1-800-628-5115.
“All options above are not available for every student. Please contact the office of Financial Aid for further information.
Eligibility for Title IV Funds criteria:
For a student to be eligible to receive any Title IV funds, the student must:
- Comply with the school’s Satisfactory Academic Progress (SAP) Policy, included in the school’s catalog.
- Not be in default on a loan made under any Title IV, HEA Loan program.
- Must not have obtained PELL or loan amounts that exceed annual or aggregate PELL or loan limits under any Title IV or HEA PELL or Loan Program.
- Not liable for grant overpayment.
- Be enrolled at least halftime to receive assistance from the Direct Loan Program. (The Pell Grant Program does not require halftime enrollment, but the student’ enrollment status does affect the amount of Pell a student may receive.)
- Attendance for full time student is 30 hours per week, part-time 15 hours per week. Enrollment status is stated on the student’s enrollment contract.
- Student must have a High School Diploma or a GED Certification
- Be a United States Citizen or an eligible Non-Citizen
- Have a Social Security number
- Make Satisfactory Academic Progress (SAP)
- Sign a statement of updated information
- Sign a statement of educational purpose or certification statement on refunds and default.
- The students must be enrolled as regular student in an eligible program in order to participate in Title IV.
Federal Student Aid awards are based on financial need. Need is the difference between your cost of education (expenses such as tuition, fees room, books, supplies, and other related expenses). Also the amount you and your family are expected to contribute towards your education.
Conviction for Possession or Sale of Illegal Drugs:
A Federal or state drug conviction can disqualify a student for FSA funds. The student self-certifies in applying for aid that he/she is eligible. Buckner Barber School is not required to confirm this unless there is evidence of conflicting information.
Selective Service Registration:
To be eligible to receive Title IV, HEA program funds, a male student who is subject to registration with Selective Services must register with Selective Service (a male student does not have to register with the Selective Service if the student is below the age of 18 or was born before January 1, 1960).
Citizenship and Residency Requirements:
Except as provided in paragraphs (b) and (c) of section 668 of Title 34-Education to be eligible to receive Title IV, HEA program assistance, a student must:
- Be a citizen or national of the United States or
- Provide evidence from the US Immigration and Naturalizations Service that he or she is permanent resident of the US or
- Be in the US for other than a temporary purpose with the intention of becoming a citizen or permanent resident or
- Be a citizen of the Federated States of Micronesia, Republic of Marshall Islands, or the Republic of Palau. (These students are eligible under Title IV programs.)
Title IV Financial Aid Program
The school participates in the Federal Pell Grant and William D. Ford “Direct Loan Program” Subsidized, Unsubsidized and Plus loans. Subsidized loans are need based; based on the school’s COA and the Students EFC a determination is made concerning need or lack thereof. Unsubsidized loans are not need based. School personnel counsels each student carefully as a means of enabling students to minimize the amount of debt incurred while attending school. The Pell Grant is a grant to those that qualify (qualifications is based on family earnings) and does not have to be repaid except in cases where a student fails to complete a specified percentage of a pay period of which they are currently attending. In cases where a student withdraws before completing 60% of the specified pay period, a portion of the grant becomes the student’s liability and as such may create a greater liability on the student in the terms of balance owed to the school. The financial aid administrator works with students in determining loan amount need(s) and loans must be certified by school’s financial aid office. All student loans are binding agreements between the student and the U S Department of Education and as such must be repaid. Failure to repay student loans by students to the U S Department of Education as scheduled on the promissory note will have adverse affects on the individual’s credit history. Students are apprised of expected federal funds for a specified award on or before the first day of class based on financial and other pertinent information the student provides to the school when filing or verifying FAFSA information. Federal funds are disbursed in pay periods hour increments. Disbursement of federal funds is contingent on students being in satisfactory progress at the scheduled disbursement date. Failure to maintain satisfactory progress as defined in the school’s satisfactory progress policy will cause a student’s federal funds to be withdrawn.
Apply for Financial Aid
Financial Aid is available for those who qualify. In order to apply for Federal Financial Aid you must complete a Free Application for Financial Aid (FAFSA). This can be done by submitting a paper FAFSA by calling and requesting one at 1-800-4-FED-AID or on the web at www.fafsa.ed.gov. Federal Financial Aid awards and amount are based on the information provided by the student on his/her FAFSA and are determined by the Department of Education.
BBS’S School Code for the FAFSA is 041779