Many records must be acquired prior
to Financial Aid Application. Call the Financial Aid
Administrator prior to applying for school. He/She will
alert you of materials you will need to bring to the
school for Financial Aid Application documentation.
You may apply free online at http://www.fafsa.ed.gov.
Beware of help sites that require payments. Financial
Aid application is free.
All required Financial Aid documents
must be delivered to the school's office prior to receipt
of aid and completion of the course. The school contracts with FAME Financial Aid Student Management Systems to assist with student progress assessment, financial aid awards, payments, reports, and reconciliations. All financial aid dollars are deposited to the HIHD Federal Financial Aid accounts and transferred to student ledgers. Student distributions will be by checks, not through direct deposit into students' bank accounts/cards. Students qualify
for financial aid only if they maintain satisfactory
progress. Unsatisfactory progress and interruptions
result in suspension and cancellation of payments; terminations
result in recalculation of awards. A student who does
not achieve 90% attendance in time for final financial
aid disbursement must pay the tuition balance caused
by the loss of aid, before graduating.
Terminated students must also repay
some of the grant money received at the school. The
Federal return of funds information and policy is available
in the Financial Aid Handbook at the school office.
Federal Policies are also available in the handbook
at Withdrawals and the Return of the Title IV Funds.
It is the policy of the school to distribute
refunds up to and including the amount paid by the student
using the Return to Title IV Aid Federal Calculation
in the following order:
- to Unsubsidized Direct Loans
- to Subsidized Direct Loans
- to PLUS (FFEL)
- to Pell
- to FSEOG
- to Other Sources of Aid
- to Students
The school will adhere to the most
stringent loan standards. The School, corporate employees
and staff of Hawaii Institute of Hair Design will not
request or accept anything of value from any bank or
institution that offers student loans to our students.
All dealing with financial aid, including loans for
students must be fully performed by employees the Hawaii
Institute of Hair Design or our school management firm
and not representatives of the Lending institutions.
When the school offered Stafford Loans, the school maintained
a list of lenders which offered student loans and allowed
students to choose their lenders from anywhere loans
could be acquired, prohibiting none. The school does
not offer private loans and will not accept anything
from private lenders as concessions or agreements for
accepting private loans. The school does participate
with the Direct Loan Program and may use educational
information and materials provided by the government
and their servicing agencies. Any staff member violating
any codicil of this code of conduct will be strongly
disciplined, possibly terminated.
* Refund priorities will be adjusted
to comply with Federal Regulations. www.studentaid.ed.gov