Financial Aid

Option 1: Federal Loans & Pell Grants (Master Esthetics Program Only)
To find out how much you are eligible for and to start the application process, visit www.FAFSA.ed.gov Use our School Code: 042103 Our company name is: Medspa Academies, Inc., DBA National Institute of Medical Aesthetics Steps to completing this process:

STEP 1: Determining your Dependency Status

The Federal government has established how your dependency status will be determined for Federal Student Aid purposes. If a student is considered to be a dependent, his or her parent’s income and asset information must be included on the FAFSA. This information will be used in addition to the student’s income and asset information to determine the EFC (expected family contribution). The following questions will determine if you are an independent or dependent student:
  1. Were you born before January 1, 1990?
  2. As of today are you married (answer yes even if you are separated but not yet divorced)?
  3. At the beginning of the school year will you be working on a master’s or doctorate program (such as an MA, MD, JD, PhD, or graduate certificate etc.)?
  4. Are you currently serving on active duty in the U.S. armed forces for purposes other than training?
  5. Are you a veteran of the U.S. armed forces?
  6. Do you have children who will receive more than half of their support from you between July 1, 2012 and June 30, 2013?
  7. Do you have dependents other than your children or spouse who live with you and receive more than half of their support from you, now and through June 30, 2014?
  8. At any time since you turned 13, were both your parents deceased, were you in foster care or were you a dependent or ward of the court?
  9. Are you, or were you an emancipated minor as determined by a court in your stat of legal residence?
  10. Are you or were you in legal guardianship as determined by a court in your state of legal residence?
  11. At any time on or after July 1, 2011 did your high school or school district homeless liaison determine that you were an unaccompanied youth who was homeless?
  12. At any time on or after July 1, 2011, did the director of an emergency shelter or transitional housing program funded by the U.S. Department of Housing and Urban Development determine that you were an unaccompanied youth who was homeless?
  13. At any time on or after July 1, 2011 did the director of a runaway or homeless youth basic center or transitional living program determine that you were an unaccompanied youth who was homeless or were self-supporting and at the risk of being homeless?
If you answered YES to ANY of these questions, you are independent and do not need to include your parent’s financial information on the FAFSA. If you answered NO to ALL of these questions, you are dependent and must include your parent’s information on the FAFSA.

STEP 2: Apply for a U.S. Department of Education PIN

If you do not already have a PIN (personal identification number) go to www.pin.ed.gov and follow the instructions. If you are a dependent student both you and one of your parent’s will need a PIN. Your PIN serves as your electronic signature and provides access to your personal information so you should never give your PIN to anyone. Be sure to keep your PIN in a safe place. If you have already completed a FAFSA for another school, using your PIN, please go to www.fafsa.ed.gov and click on “Make Corrections to a Processed FAFSA”. Add the Federal school code 042103. Make sure that you tell our Financial Aid Department that you have completed the FAFSA elsewhere and that you have made the correction to add our new Federal school code.

STEP 3: Loan Entrance Counseling

When you are borrowing from the Federal Direct Loan Program, you are required to participate in loan counseling prior to receiving a Federal Direct Loan. This is to ensure that you understand your rights, your responsibilities and the obligation you are assuming when borrowing. Go to https://studentloans.gov/myDirectLoan/index.action and complete the entrance counseling. Print a copy of your confirmation at the end.

STEP 4: Completing the MPN

If you are a first time borrower of the Federal Direct Stafford Loan, you are required to complete a Master Promissory Note (MPN) before the loan funds can be disbursed. You can complete and sign your Federal Direct Stafford Loan MPN at https://studentloans.gov/myDirectLoan/index.action using your PIN by selecting the Complete New MPN for Student Loan option.

STEP 5: Enrollment Appointment

Take with you to your enrollment appointment the following items:
  1. Your High School Diploma or GED or Certified Transcripts
  2. Your Driver’s License or Passport
  3. Proof of completing the Loan Entrancing Counseling and Master Promissory Note
After you are officially enrolled, you will then be contacted by the Financial Aid Coordinator to finish any final steps to getting your financial aid award letters.

Please view this informative document that will provide you all the information you need regarding the Financial Aid options that are available at the National Institute of Medical Aesthetics:

CLICK HERE TO SEE YOUR OPTIONS
Option 2: Credit Union Financing
NIMA works with Mountain America Credit Union to offer educational loans to students attending any of our courses at any of our campuses. Please schedule a tour and we will provide you with details on the process to apply for a credit union loan.
Option 3: Private Scholarships & Grants
Please visit our Scholarships page to see what is currently available.
Option 4: NIMA In-House financing
NIMA offers in-house financing for those students that are unable to qualify for a loan. During your tour we can provide you details on the process to apply for a in-house financing.