Financial Aid

NESHD participates in the following financial aid programs:

1. Federal Pell Grant
2. Federal Family Educational Loans
3. Federal Supplemental Education Opportunity Grant (SEOG)
4. NH and VT Incentive Grants
5. Veteran’s Benefits: our programs are approved by the NH State Approving Agency for Veteran’s Education Programs for persons eligible for educational benefits from the US Dept. of Veteran’s Affairs. Students who have questions about their eligibility should call the Veterans Administration at 1-888-442-4551. For more information contact the School Financial Aid Officer.

Federal Financial Aid

Financial Aid is available for those who qualify and are subject to the terms and guidelines of those scholarships, loans or grants.

Federal Pell Grant (PELL)

A Federal Pell Grant, unlike a loan, does not have to be repaid.
Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor’s or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. As in all federal grants, Pell Grants are awarded to students with financial need. The amount of a Federal Pell Grant depends on the cost of attendance, expected family contribution, enrollment status (full or part time) and whether you attend for a full academic year or less. For more information visit Federal Pell Grant.

Direct Stafford Loans from the William D. Ford Federal Direct Loan (Direct Loan) Program

Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools. For more information visit William D. Ford Federal Direct Loan Program. There are three types of loans in the program:

  • Subsidized Stafford Loan– A student can borrow this type of loan to cover some or all of their school expenses. The U.S. Department of Education pays the interest while you’re in school at least half-time and for the first six months after you leave school (grace period). The amount of the loan cannot exceed a student’s financial need. For more information visit Subsidized Stafford Loan.
  • Unsubsidized Stafford Loan– A student can borrow this type of loan to cover some or all of their school expenses. The U.S. Department does not pay interest on subsidized loans. A student is responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full. The fixed interest rate of 6.8 percent can be paid while attending school, during a period of deferment or forbearance or it can be accrued and the interest added to the principle amount of the loan. For more information visit Unsubsidized Stafford Loan.

For Parents, Graduate & Professionals Degree Students:

Additional loan types provided under the Direct Loan Program include Direct PLUS Loans (for parents and graduate and professional degree students) and Direct Consolidation Loans(to combine federal education loan debts into a single loan).

  • PLUS Loans for Parents – Parents of dependent students can borrow from the PLUS Loan program. The terms and conditions of this type of loan include a requirement that the applicant not have an adverse credit history, a repayment period that begins on the date of the last disbursement of the loan and a fixed interest rate of 7.9 percent for the Direct Loan. For more information visit PLUS Loans

Federal Supplemental Educational Opportunity Grant (FSEOG)

This type of grant is awarded to undergraduate students with exceptional financial need-those with the lowest Expected Family Contribution (EFC). Federal Pell Grant recipients receive priority for FSEOG awards which range from $100 to $300 per award year. The amount of your award will be determined by the school’s Financial Assistance Office. For more information visit Federal Supplemental Educational Opportunity Grant.

Scholarships and Grants

ACE Grants and Scholarships

American Association of Cosmetology Schools (AACS) partners with industry sponsors to offer scholarships and grants to deserving cosmetology students. NESHD is a member of AACS. Below are some of the A full listing of all current scholarships and grants can be found on their website: American Association of Cosmetology Schools

To download an application and for more information on the ACE Grant program, please click on this LINK.

  • Sport Clips Scholarship – Multiple $1,000 Scholarships
  • Farouk Systems USA/AACS Cosmetology Scholarship
  • Dream Shears/Trade Essentials Scholarship – Fifteen (15) $500 Scholarships
  • CND Scholarship – One $500 Scholarship
  • OPI Scholarships – Three (3) $500 Scholarships


  • NESHD participates in the Joe Francis Haircare Scholarship. Scholarships where a $1000.00 scholarship is awarded in September each year. To learn more about or to apply for this scholarship go to
  • The Lebanon Chamber of Commerce awards scholarships to Part-time students studying career skills. Call the chamber and ask for a flyer. Their website is: Lebanon Area Chamber of Commerce
  • NESHD also accepts other scholarships awarded to students from local organization and charities.
  • Fee waivers are granted on an individual basis.

Financial Aid – The Beginning

Understanding Financial Aid

The US Department of Education has a website devoted to giving student’s information and assistance regarding financial aid. Visit their site at: Student Aid on the Web

A booklet, Funding Education Beyond High School: The Guide to Federal Student Aid will answer any questions you might still have. Funding Education Beyond High School: The Guide to Federal Student Aid is a comprehensive source of information about the US Department of Education’s federal student aid programs and includes an overview of federal student aid, as well as more detailed information on the application process and student loans, for example.

Applying for Financial Aid

The process begins by first completing and submitting the Free Application for Federal Student Aid (FAFSA). The FAFSA is the form used by virtually all two and four-year colleges, universities and career schools for the awarding of federal student aid and most state and college aid. To assist in completing the form, please see Completing the FAFSA.

Methods of Payment

All moneys owed NESHD are due the first day of school. NESHD is willing to defer payments with prior arrangements (either with an approved payment plan or estimated financial aid.) Once moneys in excess of what is owed NESHD have been received, these moneys will be refunded to the student within 14 school days of receipt. If the student receives financial aid, the school will receive disbursements that will be administered by the school with the student’s timely cooperation. Sums that are not covered by financial aid can be made in installments. Please see the Financial Aid Officer to set up a payment schedule.