The L Makeup Institute understands that financing an education can be one of the most complex and important issues that applicants face. For this reason, the L Makeup Institute’s Financial Aid Department can provide information and assistance to all applicants and families concerning a variety of finance options.
It is the goal of the L Makeup Institute Financial Aid Department to help every student who is passionate about makeup artistry afford their education. And, we are pretty good at it. Options for those who qualify include State Grants, Federal Grants, Federal Loans and scholarships. Also, our Main Campus accepts VA benefits and, something very unique to the L Makeup Institute, is we offer in-house loans to its student body.
Our promise is to help you explore all options available to you and do everything we can to help put a plan together to pay for your education. And, don’t worry our admissions and financial aid team will be there to guide you through the entire enrollment process.
U.S. DEPARTMENT OF EDUCATION:
Any U.S. citizen, national in the United States may apply for financial assistance for the award year July 1 – June 30. The Financial Aid Department has additional consumer information published by the U.S. Department of Education that describes federal programs available, student rights and responsibilities to eligible students.
Federal Pell Grant:
This grant is an important source of aid for students. Students and/or parents must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. L Makeup Institute will determine the amount of Federal Pell Grant once the FAFSA is filed. The factors used to determine the award is based on student eligibility, enrollment status, cost of attendance and a payment schedule provided by the U.S. Department of Education.
Federal Direct Loan Programs (FDLP):
This program has Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Parent Loans to Assist Undergraduate Students (PLUS). A Federal Direct Subsidized/Unsubsidized Loan must begin repayment six months after the student’s last date of attendance. A PLUS loan is made available to parent with good credit history and begin repayment once the disbursement is released. To apply for FDLP go online at www.studentloans.ed.gov.
Federal Direct Loan:
Subsidized loan is based on financial need. Financial need is the Cost of Attendance, less Expected Family Contribution (EFC), less Estimated Financial Aid, equal Financial Need. The U.S Department of Education pays the interest on a Direct Subsidized Loan while you’re in school, and during the grace period.
Unsubsidized loan is non-need based. The borrower is responsible for paying the interest on a Direct Unsubsidized Loan during all periods, however, after you graduate, leave school, or drop below half-time enrollment, you will have a six month grace period before you are required to begin repayment.
To Apply for Federal Financial Aid at L MakeUp Institute:
All students interested in financial aid at L Makeup Institute will need to complete the following simple steps below.
Step 1: Students, and parents (if applicable), are required to create an FSA ID, made up of a username and password, to access certain U.S. Department of Education websites. Your FSA ID is used to confirm your identity when accessing your financial aid information and electronically signing your federal student aid documents. To set up go to: https://fsaid.ed.gov/npas/index.htm. If you already have an FSA ID go to step 2.
Step 2: Electronically submit the Free Application for Federal Student Aid (FAFSA) for year 21 / 22 and 22 / 23 FAFSA go to: https://studentaid.ed.gov/sa/fafsa. L Makeup Institute Federal School Code: 042698
L MakeUp Institute Financing Program:
Financial private loans and assistance is available for those who qualify. The applicant is required to have a good payment history and income that is sufficient to pay back the loan. A creditworthy cosigner may be helpful. Repayment terms such as interest rates, down payment, minimum monthly payment and repayment period vary by the amount being financed and the overall strength of the application.
Once you have applied to LMI and paid your $100 application fee, you may apply for a private institutional loan directly with the L Makeup Institute by completing LMI’s free Financing Application available through our Financial Aid Department. Once submitted, we will typically process your loan application within 5 business days and contact you with a decision and payment terms.
U.S. Department of Veterans Affairs
GI Bill ® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the following official U.S. government websites and may be available for VA Beneficiaries.
Post-9/11 GI Bill ®
Montgomery GI Bill ®
Survivors and Dependents Assistance
Veterans Educational Assistance Program (VEAP)
Applying for your VA education benefits can be done in just a few steps:
Apply online at https://www.ebenefits.va.gov/ebenefits/vonapp today if you know which benefit you want to use.
Consult with the L Makeup Institute.