Financing Your Education

Financing your education can be a daunting task, even if you are passionate about your career. Horror stories of insurmountable student loans riddle the media; coupled with a poor economy, the modern college-bound student questions, “Is it worth it?”

As loan interest rates and tuition fees spike, Elizabeth Grady School remains committed to providing its students with an education that they can afford so that they can pursue a career they love.

The average cost of a public four-year college is approximately $22,958, according to CollegeBoard. That is solely the tuition rate, other costs include: books, room and board, food, travel and personal expenses. Those extra expenses may add up to about $17,000, according to Arizona State University’s standard cost of attendance calculator.

Over four years, the amount of money required to attend a four-year school, out-of-state, is $98,400.

That seems a little crazy to us; your dreams and aspirations should not limit your possibilities in life, they should increase them.


You’ve found your passion and you want to pursue it? We get that. That’s why we keep the costs of our programs affordable, while maintaining high standards for our students, faculty and facilities.

To further help dedicated students, we offer the Helping Hands Scholarship to EG students who exhibit traits of professionalism, humanitarianism and self-confidence. One $1,000 scholarship is awarded for each 600 Hour Esthetics Program and the 650 and 750 Massage Therapy Programs.

Students interested in the scholarship must submit a complete application; a 500 word essay; two letters of recommendation; and an interview with our Director of Admissions, Cate Tool.

But that isn’t the only means of financial aid available to Elizabeth Grady students: There are also Federal Subsidized Loans, Federal Unsubsidized Loans, PLUS Loans and Pell grants.

Forget the official-sounding terminology, here’s a quick breakdown of what is what.

  •  Loans: Lent to U.S. citizens and eligible non-citizens. Loans are borrowed then paid back.

>Subsidized Loans: These have a low-interest rate and do not require payment until six months after graduating. No credit check is required and up to $2,917 can be taken out.

300 hour esthetician programs are not eligible for this loan.

>Unsubsidized Loans: These are low-interest loans which require no credit check and can range from $1 to $5000. Payments can be deferred until six months after graduation; however, interest begins to accumulate immediately after the loan is taken out.

300 hour esthetician programs are not eligible for this loan.

>PLUS Loans: Federal loans taken out by the dependent student’s parents.

  • Grants: Aid given to U.S. citizens and eligible non-citizens based on need as determined by the FAFSA. Grants do not have to be paid back.
  • Pell Grants: Students who have obtained a Bachelor’s degree may qualify for Pell Grants. They are need-based and may amount up to $4775 per program.

Click on the links below for more financial information and guidance

  1. FAFSA
  2. Pell Grants
  3. PLUS Loans
  4. Subsidized and Unsubsidized
  5. Scholarships
  6. Loan Eligibility

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