How to Budget for Beauty School

How to Budget for Beauty School

Paying for beauty school can feel like a big obstacle, but with the right budget plan in place, you can do it! There are plenty of resources and tools available to help you attend beauty school without going broke.

Look Into Beauty School Scholarships

Scholarships can help a lot with your beauty school budget. The Joe Francis Hair Care Scholarship Foundation was founded by one of the premier entrepreneurs in the hair care industry. The foundation provides $1000 scholarships to eligible students who are either applying or enrolled in a cosmetology or barbering program. More than 20 scholarships are awarded annually. There are also the Beauty Changes Lives Scholarships, the NCEA Esthetician Scholarship, the Minerva Beauty Scholarship and so, so many more.

And those are just beauty school-specific scholarships! You can also earn scholarships based on your military history, your ethnicity, whether or not your a parent and more. Scholarships take time and effort to apply for, but if it helps you pay for school, it’s worth it!

Are You Eligible for Grants?

A grant is a sum of money given by the government. The U.S. Department of Education offers lots of federal grants to help students pay for college or trade school. There are Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, and others. Grants vary depending on your financial need. To get a grant, you must fill our a FAFSA. Grants are awesome because they don’t need to be repaid. They’ll definitely help with your budget for beauty school.

Make a Budget Plan for Beauty School

Every month, figure out what you’re earning and what you’re spending. In a spreadsheet or in a notebook, write down all of your expenses and determine what percent of your income those make up. Where is there room? Are you spending too much on entertainment? Can you take school payments out of your savings without depleting your funds? A total breakdown of your expenses will keep you on track so you don’t miss payments. There are lots of amazing tools online that can help you budget. Check out the tools that Forbes recommends.

Ready to start your career in the cosmetology industry? Our Admissions department would be happy to go over other financial options with you. Not sure which career is the one for you? Check out our fun quiz and find out!

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