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Financial Aid Doesn't Have To Be Tricky

SOHO Hair Academy Iowa Campus participates in the following US Department of Education, Title IV student financial aid programs: Pell Grant, Direct Subsidized Loans, Unsubsidized Loans and Federal PLUS Loans. SOHO Academy also accepts Private Scholarships and Vocational Rehab. We do not currently accept VA Education Benefits.

Information about Federal Grants and Loans 

Federal Pell Grant

A Pell Grant is a type of financial aid provided by the government to help students pay for college tuition and expenses. The government awards a Pell Grant based on exceptional financial need, and unlike student loans, students do not need to repay it.

Federal Subsidized Loan

Federal Direct Subsidized loans are available to undergraduate students with financial need. The interest is paid by the federal government while students are in school. Interest begins accruing at the time students cease full-time enrollment. Regular payments begin six months after the student ceases enrollment. A fixed interest rate is established annually by the U.S. Department of Education.

Federal Unsubsidized Loan

Unsubsidized Direct loans are available for students to borrow for additional education costs. With the exception of demonstrating financial need and undergraduate status, borrowers must meet all eligibility criteria of the Federal Subsidized Direct loan program. Interest payments begin immediately after the loan is fully disbursed or may be added to the principal balance. Generally, you may choose to make interest payments on the loan while you are in school or have the interest added to your principal balance (capitalized) when your repayment schedule begins. Regular payments begin six months after the student ceases enrollment. Interest rates are fixed and established annually by the U.S. Department of Education.

Federal Parent PLUS Loan

Federal Parent Loans for undergraduate students provide additional funds for credit-worthy parents to help pay for students’ educational expenses. If a parent has no credit or a poor credit history, he/she may still qualify for a loan by applying with a credit-worthy endorser. They can be combined with other financial aid resources and cannot exceed the student’s cost of education. Interest rates are fixed and established annually by the U.S. Department of Education. Repayment begins immediately after the loan is fully disbursed.

Code of Conduct for Educational Loans
Iowa Code Section 261F.2 and Title 34 of the Code of Federal Regulations, Section 601.21, require the development, administration, and enforcement of a code of conduct governing educational loan activities. Our officers, employees, trustees and agents, including the alumni association, booster club, and other organizations associated with SOHO Hair Academy, agree to the provisions of this Code of Conduct and will refrain from:

  • Refusing to certify or delaying the certification of an education loan based on a borrower’s choice of lender.
  • Assigning a first-time borrower to a particular private education loan lender through the student’s financial aid award or another means.
  • Packaging a private education loan in a student’s financial aid award, except when the student is ineligible for other financial aid, has exhausted his or her federal student aid eligibility, has not filed a Free Application for Federal Student Aid, or refuses to apply for a federal student loan.
  • Accepting impermissible gifts, goods, or services from a lender, lender servicer, or guarantor. The institution may accept default prevention, financial literacy, or student aid-related educational services or materials, or other items of a nominal value.
  • Accepting philanthropic contributions from a lender, lender servicer, or guarantor that are related to the educational loans provided by the entity that is making the contribution.
  • Serving on or otherwise participating as a member of an advisory council for a lender, lender affiliate, or lender servicer.
  • Accepting from a lender or its affiliate any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or other contract to provide education loan-related services to or on behalf of the lender.
  • Accepting fees or other benefits in exchange for endorsing a lender or the lender’s loan products.
  • Requesting or accepting an offer of funds for private education loans from a lender, in exchange for our promise to provide the lender with placement on a preferred lender list, or a certain number of volume of private education loans.
This institution is committed to providing the information and resources necessary to help every student achieve educational success. To accomplish this goal, the financial aid staff will consider each student’s individual needs. A comprehensive Code of Conduct detailing permissible and impermissible activities has been provided to all of our officers, employees, and agents.
Click for Full Code of Conduct
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Preparing to apply for FASFA
Create an FSA-ID

We strongly recommend you create your StudentAid.gov account before starting your FAFSA form. When you create your account, be careful to enter your name and Social Security number (SSN) exactly as they appear on your Social Security card.

Gather documentation

• Your parents’ SSNs if you’re a dependent student
• Tax returns
• Records of child support received
• Current balances of cash, savings, and checking accounts
• Net worth of investments, businesses, and farm

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Financing Options
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SOHO Hair Academy offers a personalized, interest free payment plan with monthly or quarterly options.
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Complete your FASFA
Apply for Fasfa
For those considering financial aid at our Iowa campus, please fill out the FAFSA and use our school code #007611.
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Meet with Financial Aid
Schedule a Meeting
We're here to help make sense of your financial aid options. We meet with each student individually .