Financial Aid

The NW Institute of Esthetics, Inc. 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. Financial aid is not available to those who may come in from outside of the country to study in the US.

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.  We also offer up to a $3000 scholarship for qualifying students.  Please ask for details on this when you visit with our admissions staff.

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.

We know the economy is making it more challenging to obtain loans but we are aggressively working to link to additional sources for our students.  The good  news is that home equity loans and line of credit loans are offering some of the lowest interest rates in years and may be a better financial choice than some of the traditional routes.  Personal loans are available at very competitive rates of under 9%.  We will be happy to discuss all of your alternatives and possible financial aid sources during your consultation.

Credit unions: sometimes offer assistance: 

The Pentagon Federal Credit Union is one of those that does offer student loans.  This is for those with military service, whose parents served in the military or you may join with a small donation.  Visit their website at www.penfed.org.  They do  have a local office.

Banks: Sometimes banks offer line of credit loans to students, including those attending technical schools. This varies greatly from bank to bank. They may say they don't offer school loans but they do offer personal loans which may actually be less expensive.

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. Funding is only available for programs of 600 hours or more. These loans pay off quickly and end up saving you thousands of dollars in interest.

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.  We will help you consider all of 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. This is available for all of our programs.  This can be rolled into outside funding if you need to extend your payments beyond graduation.  Payments made during school are interest free (as long as they are kept current),  but then do become subject to interest after graduation.  Payments may be made for a maximum of two additional years and may be paid off at any time.

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.