Match Scholarships

Competitive Grant

$500.00 This grant is awarded to any student that can provide official transcripts from their high school or GED that is equal to or greater than a 3.00GPA cumulative HS GPA. These funds will be awarded in the payment period in which the student provides the official transcripts. If the student’s transcripts are a presented in another form other than the standard 3.0 scale; Faust will try to calculate based on that schools grading protocol.

Alice Madden Barton Cosmetology School Scholarship

Up to $500.00 Awarded annually based on an application, essay and letter of recommendation. Application found in office.

Great Clips Iowa Scholarship

$300 Awarded annually based on an application, essay and letter of recommendation. Application found in office.

OPI/ACCS Nail Scholarship

$500 Awarded quarterly based on application, essay or video and recommendation from institute. Application found in office

Scholarships/Awards from other cosmetology schools

Faust will review all monetary awards from other schools that are presented on official school letterhead. After review Faust will decide on accepting all or part of the award from other schools. (must be official award from other school that is documented)

Other Scholarships

Other scholarships from high schools or other organizations are also accepted toward payment of tuition or kit cost. Additional information can be given by contacting a Faust Institute Financial Aid Officer

Financial Aid

The Faust Institute is an accredited school which has been approved for use of Government Grants and Loan programs. Students in need of financial assistance should consider the following programs:

GRANTS AVAILABLE

  • Federal Pell Grants
    The U.S. Department of Education provides grants to students enrolled in eligible programs based on financial need.  These grants do not have to be repaid.  To apply, students must complete a Free Application for Federal Student Aid (FAFSA).

  • Federal Direct Stafford / Ford Loans

  • Scholarships – private, civic, high school, church and foundation

  • Direct Consolidation Loans

  • Supplemental Education Opportunity Grant (S.E.O.G)

  • Federal Direct Student Loans

    SUBSIDIZED loan is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during authorized periods of deferment. The federal government subsidizes the interest during these periods.

    UNSUBSIDIZED loan is NOT awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full.

  • Veterans Benefits (G.I Bill)

  • Social Service, Vocational Rehabilitation, JTPA Grants

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