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Financial Aid

This page provides general information on course costs and financial assistance. Those interested in enrolling should contact the school for specific information. Please call 314-868-8196.

What Types of Assistance are Available?

ESBC is approved to participate in the Federal Pell Grant Program, the Federal Direct Student Loan Program, and various State aid programs.
The Federal Pell Grant Program is an award program, and does not need to be repaid in most cases (examples of exceptions being very poor attendance and/or early withdrawal).

The Federal Direct Loan Program provides money to qualified students that must be repaid in full with interest. Students must be in school 30 days before receiving a student loan. By federal law, loan funds are sent to the school, and must first be applied to tuition, fees, and other school charges.

The amount of grant or loan a student may receive is determined by factors such as financial need, dependency status, family size, and family income, as well as program funding and the methodology used to calculate awards, which are determined each year by congressional act.

Both programs can be applied for by completing a Free Application for Federal Student Aid (FAFSA). This can be done online at home, or the school can assist the student/parent in the completion of this application during enrollment.

Students (and parent of a dependent student) will need to have an active FSA ID (Federal Student Aid username and password) for us to assist you. See below.

Our Federal School Code for completing the FAFSA online is 017209

When applying at home, please follow these steps:

  1. A student (and the parent of a dependent student) must first apply for a user name and password, called an FSA ID, if you don’t already have one. Your FSA ID will be used to electronically sign the FAFSA application online. To apply for an FSA ID, go to https://fsaid.ed.gov/npas/index.htm
  2. The student (and the parent of a dependent student) must then fill out the FAFSA at http://www.fafsa.ed.gov. Instructions for filling out the FAFSA are provided on the website.
  3. Enter in our school code: 017209 when asked which school you plan to attend.
  4. Should you have any questions regarding the FAFSA application, you can contact our school’s financial aid office.
    Completion of the FAFSA should be done at least 3 weeks prior to the student’s desired starting date.

State Aid programs (such as Vocational Rehabilitation and Veteran’s Educational Benefits) are generally based on qualifying factors other than financial need, and should be applied for through the appropriate state agency or office. The VA has a web page at www.gibill.va.gov that includes the ability for students to submit written inquiries, apply for benefits over the internet, or download forms.

What is the Deadline for Application

Students must complete their application (including submitting any required documentation) at least 2 weeks prior to the scheduled 1st day of class.
A new Federal Pell Grant Award Year begins every July 1st, and runs through the following June 30th, annually. Students can apply at any time throughout the year. Eligible students can receive 1 Pell grant per award year, per academic year. ESBC defines its academic year as 900 clock hours in at least 28 weeks.
As an example, a 1500 clock hour course such as Cosmetology is equal to 1 and 2/3 academic years (if an academic year equals 900 clock hours) and therefore a student in this course may qualify for up to 1 and 2/3 Pell grants, depending on their eligibility.

Courses or academic years completed in less than 28 weeks/900 hours must receive a pro-rated award of less than 1 Pell grant, as required by law.

Are Scholarships Available?

ESBC offers partial tuition assistance scholarships to graduating high school seniors of any Missouri high school. Students must be graduating with a cumulative grade point average of at least 2.0 to be considered eligible. Interested students may contact the ESBC admission’s office for more information.

ESBC offers its own graduates from the Cosmetology, Esthetics, and Nail Technology programs scholarship awards in the form of half-off the cost of tuition in the Instructor Training Program. Students must have graduated ESBC with at least a 90% average in both attendance and grades to be eligible.

Where Can I Get More Information?

Please contact the school admission’s office for an appointment if you are interested in enrolling. During your appointment, your admissions rep will answer your questions about financial aid, and help you determine the specific types of documentation you will need to apply.

(The links below will open a new browser window, so you can close it and return back here when you are done.)


If you would like more information on resolving defaulted student loans, please follow this link:

A Student Loan Borrower’s Guide to Defaulted Loans

The Student Guide is a comprehensive resource on student financial aid from the U.S. Department of Education. It covers the Department’s major aid programs, including Pell Grants, and answers many questions on student eligibility. You can request a free copy of the Student Guide by calling 1-800-4-FED-AID, or visit the Student Guide online by following this link:

The Student Guide to Federal Financial Aid


MEDIAN LOAN DEBT

The Department of Education requires all institutions that participate in Federal Financial Aid to provide median loan debt information for students who have completed their academic program. The information is presented by program and loan type to include Federal Stafford Loans, Alternative (Private) Loans and Institutional Loans.

Median loan debt is based on the number of students who completed in the 2014-2015 aid award year, and has been calculated by determining the middle amount borrowed for each loan type, starting with $0 up to the maximum amount borrowed.

Program Federal Student Loans Private Loans Institutional Loans
Cosmetology $12,623 $0 $0
Instructor Training $3,135 $0 $0
Manicuring $0 $0 $0

NACCAS Outcome Rates for 2014 (most recent year available) for all 3 campuses:

  • Completion Rate – 60%
  • Placement Rate – 68%
  • Licensure Rate – 96%

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Financial Aid

Elaine Steven Beauty College offers Pell Grants and Direct Loans to students who qualify.

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Programs Offered

Cosmetology 1500 Clock Hours
Manicuring 400 Clock Hours
Instructor Training 600 Clock Hours

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Student Clinic

Elaine Steven Beauty College is open to the public for hair, nail, and facial services under instructor supervision.

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