cosmetology financial aid

Apply for Financial Aid On-line Now!

Financial Aid offices use information from the FAFSA to determine if you are eligible to receive federal student aid from grants, loans, and work study programs. So, be sure to fill out a FAFSA even if you think you won’t qualify.

WHAT IS A FINANCIAL AID AWARD YEAR? Financial Aid Award years are NOT the same as a regular calendar year. New Award Years always start on July 1, 20xx and end on June 30 of the following year. For example if you would like to start classes July 1, 2015. You will need to fill out a 2015-2016 FAFSA and use 2014 taxes to do so.


The Federal Pell Grant is the largest need-based college grant program, awarding more than $30 billion in grants each year to more than 9 million students. Grants are a form of gift aid, money that does not have to be repaid.


A federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students and parents borrow directly from the U.S. Department of Education. Direct Subsidized Loans, Direct Unsubsidized Loans are the loans that are available at Nuvo College.


In short, Direct Subsidized Loans have slightly better terms to help out students with financial need.

Here’s a quick overview of Direct Subsidized Loans:

  • Direct Subsidized Loans are available to undergraduate students with financial need.
  • Your school determines the amount you can borrow, and the amount may not exceed your financial need.
  • The U.S. Department of Education pays the interest on a Direct Subsidized Loan

○     while you’re in school at least half-time,
○     for the first six months after you leave school (referred to as a grace period*), and
○     during a period of deferment (a postponement of loan payments).

Here’s a quick overview of Direct Unsubsidized Loans:

  • Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive.
  • You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.
  • If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearanceperiods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).

 STEP 1 : Go online to to create a FSA ID (replacing the pin number). Students, parents, and borrowers are required to use 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.

NEW! – Effective May 10, 2015

What is an FSA ID?

An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA®) at

If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your child’s FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications. Please note: Each FSA ID user must have a unique e-mail address.

Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don’t give your FSA ID to anyone.

 What happened to the Federal Student Aid PIN?

The FSA ID replaces the Federal Student Aid PIN. If you already have a PIN, you can link your information to your new FSA ID by entering your PIN while registering for your FSA ID. (This will save you time when registering for your FSA ID.) However, a PIN is not required to create an FSA ID.

 Where can I use my FSA ID?

Once your information is verified with the Social Security Administration (one–three days from the date you apply), you will be able to use your FSA ID to access your personal information on any of these ED websites. Such as:

 When should I get an FSA ID?

You, and your parent if you’re a dependent student, can apply for an FSA ID at any time. If you don’t have one by the time you fill out your FAFSA, you will be prompted to apply for one. However, if you think the Social Security Administration (SSA) might have the wrong name or date of birth for you in its records, go to now to find out how to correct any errors. Your information must be correct with the SSA before your FAFSA or FSA ID can be processed.

How do I get an FSA ID?

The FSA ID process consists of three main steps:

  1. Enter your log-in information.
    • Provide your e-mail address, a unique username, and password, and verify that you are at least 13 years old.
  2. Enter your personal information.
    • Provide your Social Security number, name, and date of birth.
    • Include your mailing address, e-mail address, telephone number, and language preference.
    • For security purposes, provide answers to five challenge questions.
  3. Submit your FSA ID information.
    • Agree to the terms and conditions.
    • Verify your e-mail address. (Note: By verifying your e-mail address, you can use your e-mail address as your username when logging into certain ED websites. This verification also allows you to retrieve your username or reset your password without answering challenge questions.)

Can I use my new FSA ID right away?

If you already have a Federal Student Aid PIN, you can link your PIN to your FSA ID. This allows you to immediately use your FSA ID to access your personal information on any of the ED websites that require an FSA ID.

If you are creating an FSA ID for the first time, or if you don’t link your FSA ID to your PIN, your FSA ID is considered conditional until your information is verified with the SSA. You may use your conditional FSA ID to sign an original FAFSA, but nothing else.

Once your information is verified with the SSA (one–three days from the date you apply), you will be able to use your FSA ID to fully access your financial aid information.

STEP 2 : Go online to and complete your FAFSA. You will need your Federal and State Tax Return. If you are a dependent* you will need your parents Federal and State Tax Return. If you are able to link your FAFSA to the IRS, you should. This may save you a step in the future. You will need to enter school code : 040063Note – Please use a current and active e-mail address and phone number.

 STEP 3 : Keep going until you receive your confirmation that the FAFSA was submitted. You will get a confirmation number, EFC number (estimated family contribution) and your DRN number (data release number). The EFC and DRN will be needed later to retrieve your financial aid information from the system.

STEP 4 : Go to and fill out our online Application For Admissions.

STEP 5 : Go to and sign in with your FAFSA pin. When you go, into the website, go to the loan entrance interview and take the little test. Once done, you are ready to continue. Go to “Complete a Master Promissory Note”

CLICK : Subsidized / Unsubsidized

Fill out personal information

CHOOSE : Michigan

CHOOSE : Nuvo College of Cosmetology

Your Master Promissory Note will be valid for 12 months.

Note – DO NOT print the Master Promissory Note, it is 8-10 pages long.

 * If you can answer YES to any of these questions you are NOT considered Dependent:

  1. Are you 24 years of age or older?
  2. Are you married?
  3. Do you have children that receive more than half of their support from you?
  4. Do you support anyone other than your children?
  5. Are you currently serving on active duty with the US Armed Forces?
  6. Are you a Veteran?
  7. Are you and emancipated minor?
  8. Are you in foster care or a ward of the court?
  9. Are you homeless or at risk of being homeless?

If you have any questions or problems at all, please feel free to contact a financial aid administrator for help. We can help walk you through it over the phone or if you want to come in we can help walk you through it in person. Either way, we are here to help.

Contact us 48-72 hours after submitting your FAFSA to schedule and Orientation Date.

(231) 799-1500

Rachelle Hufnagel (Owner/Financial Aid Director)

Emily Buchholz (College Coordinator)

Financial Assistance is available to those who qualify.

We understand that everyone’s financial situation is unique, and we want to help ensure that each student receives the best financial assistance. We work with each student on an individual basis to go over financing options and placement plans.

Student Loan Information

Click the link below for more information on Financial Aid and Student Loans

Attendance Rules
The Department of Education requires students to be making satisfactory academic progress (SAP) to receive government funds. Please refer to Nuvo College of Cosmetology’s Student Catalog and Handbook for more information on the Attendance and SAP Policies.