Page 18 - Branford Academy of Hair & Cosmotology

Federal Student Aid Programs by visiting FAFSA. www.fafsa.ed.gov Branford Academy 041288

Students who receive Title IV funds will have the following rights:

1. The right to review your financial aid files.
2. The right to accept or deny your financial aid package.
3. The right to request information on how financial need was determined.
4. The right to an explanation of financial aid package.
5. The right to know the school withdrawal and settlement policy.
6. The right to know the school’s SAP policy (student must maintain SAP to continue eligibility of
Title IV funds). For more information on IIC’s Satisfactory Academic Progress Policy, please see the
student Catalog.

Financial Aid will be disbursed in four (4) different payment periods for Cosmetology students; 1- 450
hours, 451-900 hours, 901-1200 hours, and 1201-1500 hours.

Financial Aid will be disbursed in four (4) different payment periods for Barber students; 1-450 hours, 451-
900 hours, 901- 950 hours and 951-1000 hours.

Financial Aid will be disbursed in two (2) different payment periods for Esthetics students; 1-300 hours
and 301-600 hours.

Upon graduation or withdrawing from Branford Academy, a student that has received Title IV loans must
complete an exit counseling with a financial aid officer per federal requirements. Exit counseling is
required by the Department of Education. This is completed at www.studentloans.gov.

Our cost of attendance (COA) is developed by a handing out surveys to as many currently enrolled
students as are available, upon completion of the surveys they are sent to Financial Aid Services to
comprise an average cost. Please note that the Tuition portion may vary due to scholarships or previously
locked tuition costs. Branford Academy also accepts Veterans benefits.

Financial Aid Code of Conduct: The Higher Education Opportunity Act (HEOA) requires educational
institutions to develop and comply with a code of conduct that prohibits conflicts of interest for financial
aid personnel. Any school employee or owner that has duties related to student loans must comply with
the code of conduct and must refrain from taking any action they believe is contrary to any applicable
laws or regulations or is not in the best interest of the student(s). The employee or owner must disclose
any conflict included in this policy. All officers, employees, agents, consultants and representatives of the
IIC with any involvement in the Federal Financial Aid process must read, understand, and adhere to the
principles and standards outlined in this policy. Adhering to these practices will help ensure that all
actions pertaining to financial aid are consistent with this code of conduct.

Branford Academy, nor its owners and employees, are in any revenue sharing arrangements with any
lender. No owner or employee of the Branford Academy who is employed in the financial aid office or
who otherwise has responsibilities, with respect to education loans, or agent who has responsibilities with
respect to education loans, or any of their family members, shall solicit or accept any gift from a lender,
guarantor, or servicer of education loans. For purposes of this prohibition, the term “gift” means any
gratuity, favor, entertainment, hospitality, loan, or other item having a monetary value. Additionally, they
shall not accept from any lender or affiliate of any lender any fee, payment, or any other benefit or
advantage, be it financial or non-monetary, as compensation for any type of consulting arrangement or
other, contract to provide services to a lender or on behalf of a lender relating to education loans.

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