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Financial Aid Disclosures

Michigan College of Beauty — Monroe

212 E. Front St. Monroe MI 48161

Federal Student Consumer Information Requirements:

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The Higher Education Act of 1965 (HEA), as amended by the Higher Education Opportunity Act of 2008 (HEOA), includes many disclosures and reporting requirements that a postsecondary education school is required to distribute or make available to prospective and current students, and other consumers.  These “Acts” will only apply to institutions that participate in federally funded financial aid programs.

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MCB is a participant in the following federal student aid programs:  Federal Direct Loans and Federal Pell Grant Program. Students, parents and other consumers may visit the MCB website for various information about the school.  The website’s homepage is located at: www.michigancollegebeauty.com . The MCB Office of Financial Aid is located at 212 E. Front St. Monroe MI 48161.  Students, parents or other consumers may use the following contact information: Michigan College of Beauty – Monroe, Financial Aid Coordinator, 212 E. Front St. Monroe MI 48161. Telephone 734-241-8877 and email: financialaid@michigancollegebeauty.com

 

 

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Annual Notice to Enrolled Students:

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The Higher Education Opportunity Act of 2008 (HEOA) requires that postsecondary institutions participating in federal student aid programs make certain disclosures to students. The following information is disclosed to you as a student at MCB in compliance with federal law. Each year by July 1st, an email notification is made to all enrolled students, faculty, and staff that provides the website to access these disclosures.

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For more information on these disclosures, the MCB Office of Financial Aid is located at 212 E. Front St. Monroe MI 48161. Students, parents, or other consumers may use the following contact information: Michigan College of Beauty – Monroe, Financial Aid Coordinator, 212 E. Front St. Monroe MI 48161. Telephone 734-241-8877 and email: financialaid@michigancollegebeauty.com

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Students interested in applying for financial assistance available through the U.S Department of Education (USDE) must complete their application process as soon as possible to ensure eligibility for these funds and to ensure that your educational goals can be met without interruption.
The most common sources of federal aid are made available to students through the Federal Pell Grant Program and the Federal Direct Student Loan Program.

 

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Completion, Graduation, Retention, and Placement Rates:

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Each year, MCB must determine completion, graduation, retention, and placement rates of its students and report it to the U.S. Department of Education via the IPEDS website. This includes information on the diversity of the student body, including the percentage of enrolled, full-time students who are male, female, self-identified members of a major racial or ethnic group, and Federal Pell Grant recipients.  This information is made available to the current and prospective students as well as the public on the College Navigator website at:

https://nces.ed.gov/collegenavigator/?q=michigan+college+of+beauty&s=all&id=170611

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In addition, and in compliance with the Student Right to Know Act, The College Navigator website link provided immediately above provides completion and graduation rates, and, if applicable, transfer-out rates for a specific cohort of the general student body, disclosed by July 1st of each year and disseminated to enrolled and prospective students upon request, disaggregated by: gender; major racial or ethic subgroup; recipients of a Federal Pell Grant; recipients of a subsidized Stafford Loan who did not receive a Pell Grant and students who did not receive either a Pell Grant or a subsidized Stafford Loan.

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US Department of Education Student Financial Assistance:

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Federal Pell Grants are available to low-income families and do not have to be repaid.  Federal Direct Loans are also available to most students and can provide approximately $9,500 per academic year for independent students or $5,500 per academic year for dependent students.  The USDE may subsidize a portion of these loan amounts for low-income families, resulting in the family incurring no interest on these loans while the student is completing his/her education. 

 

Unsubsidized Direct Loans are generally available to any student regardless of income or credit history.  These student loans are not free money and do have to be repaid.  Repayment of your student loans generally begins in the 7th month after you complete your training or withdraw from the program.

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Applying for federal financial aid is an easy, web-based process.  You can apply for and monitor your financial aid process at www.studentloans.gov.  This USDE website is a student’s home page for his/her federal aid application process.  

 

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Free Application for Federal Student Aid (FAFSA):

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This application must be completed by you (and your spouse, if married, OR your parents, if you do not meet the USDE definition of an “independent” student as determined during the application process).  It is extremely important any income reported on the FAFSA is imported using the “IRS Data Retrieval” process available to you as you complete your FAFSA online.  This will ensure accurate data and will reduce the possibility that you will need to obtain proof of your tax information from the IRS, which will significantly delay your federal aid.  When you complete the application, you should include the school’s 6-digit code number so the institution receives the results of your application.

 

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Availability of Employees for Information Dissemination Purposes:

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Michigan College of Beauty – Monroe (MCB) is required to designate an employee or group of employees to assist enrolled or prospective students in obtaining all of the information specified below. If MCB has designated one person for an area of responsibility, that person shall be available, upon reasonable notice, to any enrolled or prospective student throughout the normal administrative working hours listed. If more than one person is designated, their combined work schedules have been arranged so that at least one of them is available, upon reasonable notice, throughout the normal administrative working hours listed.

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Availability of Employees for Information Dissemination Purposes:

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Entire offices, as indicated above, are designated for each item listed. Combined Work schedules have been arranged so that at least one person is available, upon reasonable notice, throughout the normal administrative working hours listed.

 

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Vaccination Policy:

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MCB does not require proof of vaccinations for students enrolled in any of its programs.

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Rights and Responsibilities of Receiving Financial Aid:
 

Rights:

Financial aid recipients must be aware of both their rights and responsibilities relating to financial aid. It’s important to know both your rights and responsibilities of receiving financial aid. Please read through both the rights and responsibilities to make sure you are getting the most from your financial aid.

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As a student receiving financial aid at Michigan College of Beauty:

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  • You have the right to know that the information you give to Michigan College of Beauty or the Student Financial Aid Office will be treated confidentially as mandated by the Family Educational Rights and Privacy Act (FERPA).

  • You have the right to seek financial aid counseling.

  • You have the right to know what financial assistance is available, including all federal, state, and institutional aid programs.

  • You have the right to know the procedures and deadlines for submitting applications for each financial aid program (including federal, state, and institutional aid programs).

  • You have the right to know how your financial aid awards were calculated, the criteria to receive each award, and how the funds will be distributed or disbursed.

  • You have the right to accept or decline any of your financial aid award(s)

  • Within certain time frames, you may cancel a loan or request a lower amount by contacting MCB or by refusing to accept, or returning all or a portion of a loan disbursement that is made to you.

  • You have the right to know the terms of any employment program you participate in.

  • If you are offered an educational loan, you have the right to know the lender, interest rate, the total amount to be repaid, deferment options, repayment procedures, the length of time you have to repay the loan, and when repayment begins.

  • You have the right to submit a Special Circumstances Application, requesting reconsideration of your financial aid eligibility if you or your family’s circumstances change.

  • You have the right to submit an Academic Progress Appeal if you do not meet the Standards of Satisfactory Academic Progress.

  • You have the right to know Michigan College of Beauty’s refund policy and the federal Return to Title IV policy.

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Responsibilities:

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As a student receiving financial aid at Michigan College of Beauty:
 

  • You are responsible for providing accurate information to Michigan College of Beauty for Student Services or the Student Financial Aid Office.

  • You are responsible for reapplying for financial aid each and every year.

  • You are responsible for completing applications correctly and on time.

  • You are responsible for reading and understanding all materials sent to you from Michigan College of Beauty for Student Services or the Student Financial Aid Office and all forms you are asked to submit or sign.

  • You are responsible for requesting personal assistance if you have questions or don’t understand the information provided to you.

  • You are responsible for submitting documentation and information requested by Michigan College of Beauty for Student Services or the Student Financial Aid Office in a timely manner and keeping copies for your own records.

  • You are responsible for notifying MCB of any name or address changes.

  • You are responsible for knowing and complying with the rules governing your financial aid awards.

  • You are responsible for attending classes and completing the requirements for the program in which you enrolled.

  • You are responsible for compliance with Michigan College of Beauty’s refund policy and Federal Return to Title IV Aid policy, should you withdraw from the School (either officially or unofficially).

  • You are responsible for notifying Michigan College of Beauty for Student Services of any financial awards you receive from outside resources (including scholarships, grants, Veterans’ Benefits, tuition waivers, or other educational / tuition assistance) not already listed on your Financial Aid Award.

  • If you borrow a student loan, you are responsible for completing loan entrance and exit counseling.

  • You are responsible for the repayment of all loans in accordance with the terms of your promissory note. You are responsible for notifying your lender if any of the following occurs before your loan is repaid: change of address, graduation, withdrawal from Michigan College of Beauty or less than half-time attendance, name change, or transfer to another institution.

  • You are responsible for maintaining Satisfactory Academic Progress.

  • You are responsible for using financial aid for educational expenses incurred while attending Michigan College of Beauty.

  • You are responsible for the repayment of any over-award of financial aid.

 

 

VERIFICATION POLICY

 

Policy: Verification is a process that requires an institution to confirm the accuracy of information used to determine a student’s eligibility for federal student assistance.  A student’s file may be selected for verification by either the school or by the U.S. Department of Education.

 

Procedure:  If a student’s file has been selected for review under the verification process, depending upon the reason the file was selected, some of all of the following information may be requested from the student:
 

  • A completed Verification Worksheet, signed by the student, spouse or parent when applicable.

  • A signed copy of the U.S. Income Tax Return (Form 1040) that the taxpayer filed or an IRS Tax Return Transcript from the U.S. Internal Revenue Service will be required unless the student (and parents where applicable) have properly used the IRS Data Retrieval Tool to import tax information into the student’s FAFSA record. A signed copy of the IRS Form 1040 or Tax Return Transcript will serve to confirm the accuracy of income and other tax-related amounts that the student reported on his/her FAFSA application if the IRS/DRT has not been used.

 

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Obtaining Tax Return Transcripts:

 

Students can obtain tax return transcripts:

  • Via phone by calling 1-800-908-9946

  • Via mail or fax by completing IRS Form 4506T-EZ

 

Internet or phone requests are easy, and transcripts will be mailed to the tax filer’s address within 5-10 days.

  • Other documentation may be requested by the institution to verify the accuracy of your application information, including, but not limited to, marital settlement agreements, divorce decrees, W-2 forms, etc.

 

Students must provide the above information to the institution within 120 days of the student’s last date of attendance, or before the respective award year funding processes close in accordance with dates published annually in the Federal Register, whichever is earlier.  Failure to complete the verification requirements on a timely basis may result in forfeiture of any federal aid awarded during the award year.

 

Students will be notified by the institution if any discrepancies are discovered during the verification process.  Students may be required to correct any erroneous information by using the ISIR correction process at www.studentaid.gov.  The verification process is not considered to be completed during periods of corrective action.  Corrections generally include a recalculation of the student’s EFC, and electronic resubmission of applicant information through the FAFSA Central Processor.

 

If a student’s award changes as a result of the verification process, the student will be counseled and informed of how the change affects his/her packaging and financial obligations to the institution.

 

In the event this verification process identifies that a student received an overpayment of federal aid, the student will be required to refund the overpayment promptly.  The student will be ineligible for any future federal aid until any and all amounts owed are repaid.  If the student fails to repay any refund due or if the institution determines that the student may have engaged in fraud or misrepresentation regarding the federal aid process, the student will be referred to the U.S. Department of Education for further investigation and prosecution.

 

Students will forfeit their right to federal assistance for non-compliance with verification policies. For more information on this policy, please see the Financial Aid Coordinator.

 

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Federal Student Financial Aid Penalties for Drug Law Violations:

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A federal or state drug conviction can disqualify a student for FSA funds.

 

Convictions only count if they were for an offense that occurred during a period of enrollment for which the student was receiving Title IV aid (Federal Financial Aid)—they do not count if the offense was not during such a period.  Also, a conviction that was reversed, set aside, or removed from the student’s record does not count, nor does one received when the student was a juvenile, unless the student was tried as an adult.

 

The school will provide a timely notice to each student who has lost eligibility for any grant, loan, or work-study assistance as a result of drug law violations.

 

The chart below illustrates the period of ineligibility for Federal Student Aid funds, depending on whether the conviction was for sale or possession and whether the student has previous offenses.  (A conviction for sale of drugs includes convictions for conspiring to sell drugs.)

 

If convicted of an offense involving:

 

Possession of a controlled substance    |    Sale of a controlled substance

 

Ineligibility period is:                                            Ineligibility period is:

 

First offense  --  1 year                                           First offense  --  2 years

 

Second offense  --  2 years                                   Second offense Indefinite

 

Third offense  Indefinite

 

If the student was convicted of both possessing and selling illegal drugs, and the periods of ineligibility are different, the student will be ineligible for the longer period.

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A student regains eligibility the day after the period of ineligibility ends or when the student successfully completes a qualified drug rehabilitation program.  Further drug convictions will make the student ineligible again.

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Students denied eligibility for an indefinite period can regain it only after successfully completing a rehabilitation program as described below or if a conviction is reversed, set aside, or removed from the student’s record so that fewer than two convictions for sale or three convictions for possession remain on the record.  In such cases, the nature and dates of the remaining convictions will determine when the student regains eligibility.  It is the student’s responsibility to certify that they have successfully completed the rehabilitation program.

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When a student regains eligibility during the award year, the school may award Pell, ACT, SMART, TEACH, and Campus-based aid for the current payment period and Direct loans for the period of enrollment.

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A Qualified drug rehabilitation program must include at least two unannounced drug tests and must satisfy at least one of the following requirements:

  • Be qualified to receive funds directly or indirectly from a federal, state, or local government program.

  • Be qualified to receive payments directly or indirectly from a federally or state-licensed insurance company.

  • Be administered or recognized by a federal, state, or local government agency or court.

  • Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.

 

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FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT OF 1974 (FERPA):

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POLICY:  This institution adheres to the Family Educational Rights and Privacy Act of 1974. The FERPA is a Federal law designed to protect the privacy of a student’s education records.  The law applies to all schools that receive funds under an applicable program from the U.S. Department of Education.

 

PROCEDURE: The FERPA gives certain rights to parents regarding their children’s education records.  These rights transfer to the student or former student who has reached the age of 18 or is attending any school beyond the high school level.  Students and former students to whom the rights have transferred are called eligible students.
 

  1. Parents or eligible students have the right to inspect and review all of the student’s education records maintained by the school. Schools are not required to provide copies of materials in education records unless, for reasons such as great distance, it is impossible for parents or eligible students to inspect the records personally.  The school may charge for copies.  Michigan College of Beauty will maintain student records for at least seven years in accordance with the State of Michigan regulations.
     

  2. Parents and eligible students have the right to request that a school correct records believed to be inaccurate or misleading. If the school refuses to change the records, the parent or eligible student then has the right to a formal hearing.  After the hearing, if the school still refuses the correction, the parent or eligible student has the right to place a statement in the records commenting on the contested information in the records.
     

  3. Generally, the school must have written permission from the parent or eligible student before releasing any information from a student’s record. However, the law allows schools to disclose records, without consent, to the following parties:

  • School employees who have a need-to-know

  • Other schools to which a student is transferring

  • Parents, when a student over 18 is still dependent

  • Certain government officials, in order to carry out lawful functions

  • Appropriate parties in connection with financial aid to a student

  • Organizations are doing certain studies for the school

  • Accrediting organizations

  • Individuals who have obtained court orders or subpoenas

  • Persons who need to know in cases of health and safety emergencies

  • State and local authorities to whom disclosure is required by state laws adopted before November 19, 1974.

 

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Disability Support Services:

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Michigan College of Beauty – Monroe seeks to ensure that people with disabilities, including intellectual disabilities, are given full access to and participation in all aspects of student life by removal of both physical and attitudinal barriers. MCB is an institution that welcomes and supports a diverse student body.

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MCB facilitates the implementation of reasonable accommodations and services for students who self-identify as having a documented disability. Documentation of a disability is required to determine the need for and what type of special aids or adaptations may be helpful.

 

Accommodations and services are rendered based on the student's documented needs and are determined through an interactive process. Prospective students with disabilities are advised to contact MCB as early as possible to ensure the timely provision of reasonable accommodations, which might include alternative testing arrangements, adaptive equipment, or specialized computer hardware and software. Services offered by 

 

MCB includes academic advising, instructor consultation, and peer tutoring.

 

If you have questions or need further guidance, please contact the MCB School Manager at 734-241-8877, Option 4, or via email at: administration@michigancollegebeauty.com

 

 

 

Placement Assistance:

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Graduates have access to lifetime employment assistance.  Job openings are posted on the Student Bulletin Board as well as the school’s social media sites (e.g. Facebook). MCB does not guarantee employment.

In addition:
 

  • All students receive employability skill training during their respective programs

  • All students prepare a resume prior to graduation

  • MCB maintains a list of employers who have employed our graduates in the past

 

The Admissions Coordinator has principal responsibility for assisting students and graduates with placement, as well as tracking successful placements. The Admissions Coordinator can be reached at 734-241-8877, Option 1, or email at: admissions@michigancollegebeauty.com

 

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Repeat Coursework Policies and Procedures:

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MCB students may repeat a portion of their program in which they did not receive a passing grade to ensure entry-level requirements and the requirements of MCB’s grading scale. The grading scale and additional information on satisfactory academic progress is located in MCB’s Catalog. For additional information, please contact the MCB School Manager at 734-241-8877, Ext.11 or by email at: administration@michigancollegebeauty.com

 

 

 

More Information:

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For more information about Federal Financial Aid, please visit:

https://studentaid.ed.gov/sa/,via email at financialaid@michigancollegebeauty.com or the MCB Financial Aid Coordinator at 734-241-8877

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From the phone menu:

Option 1 = Admissions

Option 2 = Salon/Spa Appointments

Option 3 = Financial Aid

Option 4 = School Manager

Option 5 = Purchasing/Receiving, Scheduling State Board Testing

Option 6 = Business Office

Option 7 = Hours and location

 

OR direct extensions:

101 = Salon/Spa 

105 = School manager

104 = Financial Aid

103 = Admissions, Purchasing/Receiving, and State Board Testing 

106 = Business Office

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Get in Touch!

Call or Text us at:

(734) 241-8877

Text Messaging Terms and Conditions
 

By opting in to messaging, you agree to receive text messages about courses from Michigan College of Beauty. Message frequency varies. Message and data rates apply. For help, reply HELP or email us at admissions@michigancollegebeauty.com. You can opt out at any time by replying STOP. Privacy Policy

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