Barber & Beauty Program Financial Aid

Interest Rates for Direct Subsidized Loans,
Direct Unsubsidized Loans, and Direct PLUS Loans
First disbursed on or after July 1, 2024 and before July 1, 2025

Loan Type 10-Year Treasury Note High Yield Add-On Fixed Interest Rate
Direct Subsidized Loans and Direct Unsubsidized Loans for Undergraduate Students 4.483% 2.05% 6.53%
Direct Subsidized Loans for Graduate and Professional Students 4.483% 3.60% 8.08%
Direct PLUS Loans for Parents of Dependent Undergraduate Student and for Graduate or Professional Students 4.483% 4.60% 9.08%

Southern California College of Barber and Beauty
2024-2025 Financial Aid Disbursement Policy and Calendar

Federal Pell Grant Policy

Federal Pell Grant disbursements are based on the number of clock hours and weeks of the payment period.  The first disbursement is awarded 7 school days after the start date.  The second disbursement is awarded at the midpoint of the academic year.  An academic year is defined as 900 clock hours and 26 weeks.  Subsequent disbursements require completing half the clock hours in the academic year, half the weeks, and meeting the Satisfactory Academic Progress (SAP) of the payment period to qualify.

Federal Supplemental Educational Opportunity Grant (FSEOG) Policy

FSEOG disbursements are based on the amount of available funds, clock hours, and weeks of the payment period.  The first disbursement is awarded 7 days after the start date.  The second disbursement is awarded at the midpoint of the academic year.  An academic year is defined as 900 clock hours and 26 weeks.

Federal Direct Loan Policy

Federal Direct Loans disbursements are based on the number of clock hours and weeks of the payment period.  For first-time borrowers, their first disbursement is awarded and scheduled on the 31st day of the start date, and the second disbursement is awarded at the midpoint of the academic year.  For non-first-time borrowers, their first disbursement is awarded on the first day of class and the midpoint of the academic year.  An academic year is defined as 900 clock hours and 26 weeks.  Subsequent disbursements require completing half the clock hours in the academic year, half the weeks, and meeting SAP of the payment period to qualify.

Student Account Charges

Financial aid funds are applied toward student account charges for the payment period.  Tuition and fees are prorated for the payment period and financial aid funds are applied toward those charges.  For excess proceeds, after charges have been paid, if any, a check will be issued to the student within 14 calendar days.

Disbursement Calendar1

Award Notification Date 2 Award Calculation Date 3 Disbursement Date 4 Type of Awards
Fall 2024
August 5, 2024 August 14, 2024 August 5, 2024 1st Pell Grant & FSEOG & Direct Loans
October 28, 2024 2nd Pell Grant, FSEOG & Direct Loans
August 19, 2024 August 28, 2024 August 19, 2024 1st Pell Grant, FSEOG & Direct Loans
November 11, 2024 2nd Pell Grant, FSEOG & Direct Loans
September 9, 2024 September 18, 2024 September 9, 2024 1st Pell Grant, FSEOG & Direct Loans
December 2, 2024 2nd Pell Grant, FSEOG & Direct Loans
September 23, 2024 October 2, 2024 September 23, 2024 1st Pell Grant, FSEOG & Direct Loans
December 16, 2024 2nd Pell Grant, FSEOG & Direct Loans
October 7, 2024 October 16, 2024 October 7, 2024 1st Pell Grant, FSEOG & Direct Loans
December 30, 2024 2nd Pell Grant, FSEOG & Direct Loans
October 21, 2024 October 30, 2024 October 21, 2024 1st Pell Grant, FSEOG & Direct Loans
January 13, 2025 2nd Pell Grant, FSEOG & Direct Loans
November 4, 2024 November 13, 2024 November 4, 2024 1st Pell Grant, FSEOG & Direct Loans
January 27, 2025 2nd Pell Grant, FSEOG & Direct Loans
November 18, 2024 November 27, 2024 November 18, 2024 1st Pell Grant, FSEOG & Direct Loans
February 10, 2025 2nd Pell Grant, FSEOG & Direct Loans
Winter 2024
December 2, 2024 December 11, 2024 December 2, 2024 1st Pell Grant, FSEOG & Direct Loans
February 24, 2025 2nd Pell Grant, FSEOG & Direct Loans
December 16, 2024 December 25, 2024 December 16, 2024 1st Pell Grant, FSEOG & Direct Loans
March 10, 2025 2nd Pell Grant, FSEOG & Direct Loans
January 6, 2025 January 15, 2025 January 6, 2025 1st Pell Grant, FSEOG & Direct Loans
March 31, 2025 2nd Pell Grant, FSEOG & Direct Loans
January 20, 2025 January 29, 2025 January 20, 2025 1st Pell Grant, FSEOG & Direct Loans
April 14, 2025 2nd Pell Grant, FSEOG & Direct Loans
February 3, 2025 February 12, 2025 February 3, 2025 1st Pell Grant, FSEOG & Direct Loans
April 28, 2025 2nd Pell Grant, FSEOG & Direct Loans
February 17, 2025 February 26, 2025 February 17, 2025 1st Pell Grant, FSEOG & Direct Loans
May 12, 2025 2nd Pell Grant, FSEOG & Direct Loans
March 3, 2025 March 12, 2025 March 3, 2025 1st Pell Grant, FSEOG & Direct Loans
May 26, 2025 2nd Pell Grant, FSEOG & Direct Loans
March 17, 2025 March 26, 2025 March 17, 2025 1st Pell Grant, FSEOG & Direct Loans
June 9, 2025 2nd Pell Grant, FSEOG & Direct Loans
April 7, 2025 April 16, 2025 April 7, 2025 1st Pell Grant, FSEOG & Direct Loans
June 30, 2025 2nd Pell Grant, FSEOG & Direct Loans
April 21, 2025 April 30, 2025 April 21, 2025 1st Pell Grant, FSEOG & Direct Loans
July 14, 2025 2nd Pell Grant, FSEOG & Direct Loans
May 5, 2025 May 14, 2025 May 5, 2025 1st Pell Grant, FSEOG & Direct Loans
July 28, 2025 2nd Pell Grant, FSEOG & Direct Loans
May 19, 2025 May 28, 2025 May 19, 2025 1st Pell Grant, FSEOG & Direct Loans
August 11, 2025 2nd Pell Grant, FSEOG & Direct Loans
June 2, 2025 June 11, 2025 June 2, 2025 1st Pell Grant, FSEOG & Direct Loans
August 25, 2025 2nd Pell Grant, FSEOG & Direct Loans
June 16, 2025 June 25, 2025 June 16, 2025 1st Pell Grant, FSEOG & Direct Loans
September 8, 2025 2nd Pell Grant, FSEOG & Direct Loans
Summer 2025
July 7, 2025 July 16, 2025 July 7, 2025 1st Pell Grant, FSEOG & Direct Loans
September 29, 2025 2nd Pell Grant, FSEOG & Direct Loans
July 21, 2025 July 30, 2025 July 21, 2025 1st Pell Grant, FSEOG & Direct Loans
October 13, 2025 2nd Pell Grant, FSEOG & Direct Loans

1 Disbursements Calendar – Fall through Summer schedule.  Only the first and second Pell Grant, FSEOG, and Direct Loan disbursements are indicated above.

2Financial aid for students is awarded after all requested documents are verified by the Office of Financial Aid to be accurate. Once this verification is complete, the student will receive a Financial Aid Estimate (FAE) to review, accept, and sign for their scheduled awards. The FAE will be presented to the student through a secure website. After the signed FAE is returned to the Office of Financial Aid, an Award Offer notification will be sent to the student via email, and no signature will be required for this notification.

3Students have 7 days from the start date to cancel their enrollment. If enrollment is canceled, no financial aid funds will be released. Attendance is confirmed on the award calculation date for the first disbursements of Federal Pell Grant, FSEOG, and Direct loans.

4 The first disbursements will be scheduled and awarded on the first day of class unless the student is a first-time Direct Loan borrower. If the student is a non-first-time borrower, they will have to wait 30 days from the start date of class to receive their disbursement. The second disbursement(s) of Federal Pell Grant, FSEOG, and Direct loan disbursements will be released once the student completes 450 clock hours (midpoint clock hours), 26 weeks (half of the academic year), and their Satisfactory Academic Progress is confirmed.

Drug and Alcohol Policies and Procedures

2024 FERPA Annual Notification

Consumer Information

2024 SCCBB TITLE IX Policies And Procedures

2024 SCCBB Campus Security

Annual Student Loan Notification