Financial Aid

The NW Institute of Esthetics and Permanent Cosmetics has  multiple ways to direct you for financial aid.  Here are some of the pathways that you may find helpful and we are happy to council you as you work your way through the financial aid process.

Scholarships:  If you are preparing for high school graduation be sure to apply for scholarships: We are happy to accept your scholarship funds large or small.  Some students have funds coming from multiple sources. Be sure to apply early if this is a pathway you wish to follow. The funding classification is private post-secondary career school.

Workforce: Sometimes referred to as Worksource, the name varies from county to county. Most often you will find them near the unemployment offices as their job is to help people find careers that will earn them a living wage.  These funds are a grant, not a scholarship.  We do keep a listing in our offices for the different counties so be sure to ask when you come in for your preliminary consultation.

Vocational Rehabilitation:  NW Institute of Esthetics is on the State of Oregon lists as well as with some private organizations as an approved school for worker re-training.  If we are not on your specific list, we can work with the provider to take care of this so you can qualify.

SallieMae:  This is a federal loan program for students and it has many options.  Payments can be scheduled to start right away, interest only paid or the entire amount deferred until graduation.  Your credit score, co-signers, and terms all will affect your interest rates. On line follow the links for "cosmetology schools" as this is the category we fall under. While we may not show up on their lists we have several students who have received funding. We can give you more details during your consultation.

Chase: Sometimes called Manhattan Chase Bank offers a diversity of loans to students, including those attending technical schools. Their online website is very informational. Like Sallie Mae funding can include tuition, school supplies and even living expenses.

Private outside funding  We do have funds available through a private outside lender.  Interest rates depend on your credit status.  Payments start 30 days after funding and the loan term is two (2) years.

Home equity loan.  This is another way that may be available to you if you own your home. In many cases it has an attractive interest rate and repayment terms.

Family funding. Many of our students receive funding through educational savings accounts or from family members.  Consider all your resources.

Internal financing.  To make payment of your tuition easier, NW Institute does allow you to divide your tuition over the course of your education with us.  As long as payments are kept current there is no interest assessed.

Other?  Funding sometimes takes creative thinking. Visit http://www.collegescholarships.org/loans/trade.htm to explore  more options or opportunities. We will also be happy to help you explore your choices.