The L Makeup Institute understands that financing an education can be one of the most complex and important issues that applicants face. For this reason, the L Makeup Institute’s Financial Aid Department can provide information and assistance to all applicants and families concerning a variety of finance options for their education including federal grants and federal loans for their direct and indirect cost of education. Available resources include federal grants and student loans administered through the U.S. Department of Education, VA Benefits and/or private institutional private financing. If an applicant obtains a loan to pay for an educational program, he or she will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund.
U.S. Department of Education:
Any U.S. citizen, national in the United States may apply for financial assistance for the award year July 1 – June 30. The Financial Aid Department has additional consumer information published by the U.S. Department of Education that describes federal programs available, student rights and responsibilities to eligible students.
This grant is an important source of aid for students. Students and/or parents must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. L Makeup Institute will determine the amount of Federal Pell Grant once the FAFSA is filed. The factors used to determine the award is based on student eligibility, enrollment status, cost of attendance and a payment schedule provided by the U.S. Department of Education.
Federal Direct Loan Programs (FDLP):
This program has Federal Direct Subsidized, Federal Direct Unsubsidized, and Federal Parent Loans to Assist Undergraduate Students (PLUS). A Federal Direct Subsidized Loan must be repaid six months after the student’s last date of attendance. A Federal Direct Unsubsidized Loan must be repaid six months after the student’s last date of attendance. A PLUS loan is made available to parent with good credit history and begin repayment once the disbursement is released. To apply for FDLP, go online at www.studentloans.ed.gov.
Federal Direct Subsidized Loan:
This loan is based on financial need. Financial need is the Cost of Attendance, less Expected Family Contribution (EFC), less Estimated Financial Aid, equal Financial Need. The federal government pays the interest on this loan until repayment begins.
Federal Direct Unsubsidized Loan:
This loan is non-need based. The borrower is charged interest on this loan once the disbursement is made, however, does not have to be repaid until repayment begins.
To apply for financial aid at L Makeup Institute:
Electronically submit the Free Application for Federal Student Aid (FAFSA). All students interested in financial aid at L Makeup Institute will need to complete this form by following these simple steps below. Make a note of L Makeup Institute Federal School Code is 04269800. You will be required to link your FAFSA and/or Direct loan information to the application in order for our school to receive them.
Step 1: 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. To set up go to: https://fsaid.ed.gov/npas/index.htm. If you already have an FSA ID go to step 2.
Step 2: To apply for year 16 / 17 and 17 / 18 FAFSA go to: https://fafsa.ed.gov/FAFSA/app/fafsa?locale=en_US.
Step 3: If you are interested in applying for Direct Student Loan go to the “undergraduate” tab: https://studentloans.gov/myDirectLoan/index.action. On this site, you will complete the Entrance Counseling and Master Promissory Note. Both must be completed and linked to our school code “04269800.”
The results of your FAFSA and/or Direct Loan data will be sent directly to L Makeup Institute within 3 business days. You will be required to meet the admission requirements described on page _____ of the School Catalog before we can determine your financial aid eligibility at L Makeup Institute. Call to schedule an appointment with the Admissions Office at 702-685-9298.
Institutional Financing Program:
Financial private loans and assistance is available for those who qualify. The student may apply for institutional financing by completing a loan application provided by the Admission’s Office. The applicant is required to have a good payment history and income that is sufficient to pay back the loan. A creditworthy cosigner may be required. Repayment terms such as interest rates, down payment, minimum monthly payment and repayment period vary by the amount being financed and the overall strength of the application.
Steps to qualify for a private institutional loan directly with the L Makeup Institute:
- Contact our admissions department to register. You are registered when you:
Have completed an admissions application, provided proof of a High School Diploma or equivalent, and paid your $100 application fee.
- Complete the L Makeup Institute’s (LMI) free Financing Application available through our Financing Department.
- Once we have received a completed LMI Financing Application, we will contact you with an approval with your payment option(s), a request for additional documents, or a denial.
U.S. Department of Veterans Affairs
The following programs may be available for VA Beneficiaries.
Post-9/11 GI Bill®
Montgomery GI Bill®
Survivors and Dependents Assistance
Veterans Educational Assistance Program (VEAP)
Applying for your VA education benefits can be done in just a few steps:
- Apply online at https://www.ebenefits.va.gov/ebenefits/vonapp today if you know which benefit you want to use.
- Consult with the L Makeup Institute’s VA Certifying Official. This official has application forms and can help you apply.
- Call 1-888-GI BILL-1 (888-442-4551) to have the application mailed to you.
If your VA benefits does not cover the entire cost of the program and you wish to pay your remaining balance in cash (credit card, debit card or check), we will provide you with an Agreement of Financial Responsibility. You, and if applicable the party responsible for payment, will need to complete the agreement and return it to the Financing Department.
If your VA benefits does not cover the entire cost of the program and you wish to finance your remaining balance, you will need to apply for a loan directly with the L Makeup Institute and follow the steps under Institutional Financing Program.
Once we have confirmed your funding, such as having a completed Agreement of Financial Responsibility, Certificate of Eligibility, and/or an approved loan through the school and signed Financing Agreement, we will notify Admissions that your funding is secure and to reserve your seat in your preferred class start date. If your preferred class start is not available, admissions will work with you to get you into the next available class start. Veterans Administration does not pay application fees.