Professional Academy of Cosmetology, LLC
Gainful Employment Disclosures – 2019
Professional Academy of Cosmetology
Program Name: Cosmetology
This program is designed to be completed in 42 weeks. This program will cost $13,000 if completed within normal time. This estimated cost includes the cost of books, supplies and equipment. The graduation, placement, and licensure rates meet and/or exceed the standards set by our Accreditation Agency (NACCAS).
Of the students who completed this program within normal time, the typical graduate who is not self pay leaves with $5,000.00 of debt in federal loans:
Subsidized Federal Direct Loan: Eligibility for Subsidized Federal Direct loans is based on financial need. Unlike a grant, this is a loan that must be paid back. Qualified recipients may borrow once per academic year. Each loan carries a fixed interest rate, and interest is paid by the federal government while the recipient attends school, during the grace period (the first six months following graduation) and during periods of deferment. The first payment is due six months after leaving school.
Unsubsidized Federal Direct Loan: These loans also carry a fixed interest rate and must be paid back. The recipient is responsible for the interest accrued while in school and during the grace period. The first payment is due six months after leaving school unless, but recipients may choose to pay the interest on this loan while in school.
Federal Direct Plus Loan (Parent Loan): These loans carry a fixed interest rate and are borrowed by the parents of dependent students. The parent starts repaying the loan within 60 days after disbursement.
The cosmetology program meets licensure requirements in the state of Pennsylvania. For more information about graduation rates, loan repayment rates, and post-enrollment earnings about this institution and other postsecondary institutions please click here: https://collegescorecard.ed.gov/Type your paragraph here.
Fully accredited by the National Association of Career Arts and Sciences