Lu Ross Academy is accredited by NACCAS and approved by the US Department of Education to participate in the following Title IV Financial Aid programs. Financial Aid programs are for those who qualify. Students in the following programs are eligible to receive Title 4 Financial Aid programs if they qualify: Cosmetology, Barbering, Aesthetician and Manicuring. Students in the Beauty Makeup Artist program can apply for school financing.
Are You Ready to Apply for Financial Aid?
- You will need to provide information about you and your financial situation (name, Social Security number, date of birth, address, etc.).
- You may need to provide information about your parents if you are a “dependent” student. The FAFSA website will ask you a series of questions to determine if you are a “dependent” or “independent” student.
- The School Code for Lu Ross Academy is 01186600.
Federal Pell Grant
The Federal Pell Grant Program provides a foundation of financial assistance that may be supplemented by other resources. Eligibility for Pell Grants is the first determination made by the school for students applying for Financial Aid.
Federal Stafford Loan (FSL)
Formerly the Guaranteed Student Loan (GSL), this low-interest loan is available to qualified students through the lending institutions or agencies participating in the program and is guaranteed by the U.S. government.
Direct Lending Program
The school participates in the subsidized and unsubsidized Direct Lending Program directly with the Department of Education.
Federal Parent Loan for Undergraduate Students (FPLUS)
The Federal Parent Loan for Undergraduate Students (FPLUS) provides additional funds to help parents pay for educational expenses. In addition to the Federal Aid Programs, there are third party loans available to qualified students. For students who do not qualify for federal financial aid, Lu Ross Academy offers a number of flexible installment option plans to fit a student’s individual needs. Lu Ross Academy is approved for Veterans’ benefits programs, California Workers Compensation, Vocational Rehabilitation and Workforce Development. Students seeking information regarding various aid programs available should contact the Financial Aid Office or Registrar.
Private Financing
Students not applying for Financial Aid can finance their education through the School’s Finance Plan. Lu Ross Academy does not charge interest as long as payments are made on time and paid in full by the time of graduation.