<p>Hello, I am new so I am sorry if I am posting this wrong. I have spent hours trying to figure out how stipends work. I took some classes online about 4 years ago part time. I recieved some stipends. 1 was after 7 weeks and then the rest after a month or so. I want to go back to school. The is a cosmetology school that takes financial aid here in PA. I know it is about $16,000 for tuition. My question is this. I can not afford to go to school untill I know if I will receive stipends again. I will have federal loans and pell grant. Subtisized and unsubtisized. (I may not get back into college the way I spelled that). Is their a difference in stipends depending on the cost of the college? Online was expensive but I dont know if living expenses stipends vary. I cant find any information on how they are distrubuted if you go to school on a campus, cosmetology school or online(although I am familiar with how the online works. Does full time or part time make a difference? I know the online stipend comes out after 7 weeks, but is that how all government financial aid works? I know they needed to receive my pell grant and at that time I think I got $750.00 then the other a month later. I dont know if that pell grant has something to do with it. Online school is expensive so I am surprised their was any Pell Grant left (which they insinuated was my stipend amount. I hope I was not to redundant or confusing, however, I am frusterated because this is something I need to know while picking schools. Cosmetology wont even tell me until I take a tour of the school. Is there a simple mathamatical problem that would help me? Thanks a bunch! Any help would be great and even an example would be better.</p>
<p>See [Financial</a> Aid Stipend? - Yahoo! Answers](<a href=“http://■■■■■■■■■■■■■■■■■/question/index?qid=20091012085824AAQrqFx]Financial”>http://■■■■■■■■■■■■■■■■■/question/index?qid=20091012085824AAQrqFx)
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<p>They want you to come in to discuss so they can sell you and get you to sign on the spot.</p>
<p>Whatever amount of aid you are awarded will be applied to the school tuition and fees and the leftover will be given to you for expenses. You should get a letter from the school which shows your total award. Be sure you read and understand everything. It isn’t usually called a stipend, those some people label it as such. It is just your financial aid.</p>
<p>All schools that are allowed to offer federal aid must have a Net Price Calculator on the website. Here is a sample from one beauty school (but it doesn’t look like they show your possible loans). If your expenses are less than shown, then you pay that much less for the total of school and supporting yourself.
[Beauty</a> Schools - Cosmetology Schools - Hair Schools | Empire Beauty School](<a href=“Empire Beauty School | Error Page Not Found”>Net Price Calculator - Empire Beauty School Cost Information)</p>
<p>You might do better using the calculator on the Federal Aid site, look for the fafsa forcaster link
[Home</a> - FAFSA on the Web-Federal Student Aid](<a href=“http://www.fafsa.ed.gov/]Home”>http://www.fafsa.ed.gov/)</p>
<p>The only aid you can get from the federal government is the Pell grant and direct loans. What you are calling a stipend is just financial aid awarded by the particular school, and there’s no way to know exactly what they’ll give you until you apply for it. If they do have a Net Price Calculator on their website, that will give you a rough idea. But for-profit cosmetology schools are pricey and often make promises they don’t keep. Are there any community colleges in your area that offer this training? That would be a far cheaper way to go.</p>
<p>speaking as a financial aid administrator, these questions make me cringe a bit. what you got was not a ‘stipend’. What you recieved were excess student LOAN money. Until a couple of years ago, many schools would just set up your financial aid package with the maximum in grants and loans, and send the student any of the loan money that was not owed to the school for tuition and books. Some of the better schools offering online programs now require you to specifially ask for that excess, as many students really did not understand that those checks were unsubsidized loan funds. </p>
<p>The amount of excess loan money you would get would depend on what was left after you paid the school for tuition and books or materials. For some cosmetolgy schools there may be very little left, or there may be some left that you could use for housing etc if you are not working. When you do the Net Price calculator, look at how much they are using of your loans. If it is less than 9500 total for the year ( or 5500 if you are still dependent) then you will have some available to get in excess. Just keep in mind that that is all loan money that will be repaid. And consider very carefully which school you choose, as there are some suspect operators in this segment of higher education</p>