Opportunities
Scholarships
In addition to internal payment plan options and Federal Financial Aid there are many industry scholarship opportunities available to our students. Eligibility for industry scholarships may vary and are subject to change. We have listed out a few below that are specific to our program offerings. You can also visit the Federal Aid Student Resource page or fastweb.com, a scholarship search engine, to help you find scholarships available to you.
BEAUTY SCHOOL DIRECTORY
If you’re ready to begin a fulfilling and rewarding career in the beauty and wellness industry, or if you are continuing your education to pursue your next career goal, submit the application form below for the chance to win a $2,500 scholarship toward your tuition and education expenses.
AMERICAN ASSOCIATION OF COSMETOLOGY SCHOOLS
If you’re ready to begin a fulfilling and rewarding career in the beauty and wellness industry, or if you are continuing your education to pursue your next career goal, submit the application form below for the chance to win a $2,500 scholarship toward your tuition and education expenses.
BEAUTY CHANGES LIVES
Beauty Changes Lives is a nonprofit driven to make the beauty profession a first-choice career. They have awarded over 700 scholarships to future beauty professionals. With a rotating submission calendar, there are many opportunities for several programs such as, Cosmetology, Barbering, Esthiology and Manicuring with awards ranging from $1,000-$15,000. For further information, please visit the site below.
AMERICAN MASSAGE THERAPY ASSOCIATION
AMTA has student scholarships available on a rolling basis to support the next generation of massage therapists. To learn more and apply, please visit the site below.
BEAUTY SCHOOL DIRECTORY - MASSAGE THERAPY
Looking to reduce your Massage Therapy tuition or loan amounts? Scholarships can be extremely helpful. Learn more about scholarships specific to the bodywork industry by visiting the site below.
Apply
Admissions
Where should the required documents be sent?
Admission requirements, excluding contracts and official diplomas & transcripts, may be faxed to: 414.291.3968.
What are the requirements for the entrance exam?
You will need to take an entrance assessment should any of the following be applicable:
- GPA is 2.0 or below
- Copy of High School Diploma or GED does not verify GPA
- Homeschool or Foreign Diploma
Transfer Students
Applicants for transfer into The Institutes are considered on an individual basis. The Institutes, at their discretion, may refuse transfers if admission requirements, including tuition, cannot be met. The Institutes may accept transfer hours at their discretion. Program testing may be necessary. The Institutes may allow students to re-enter a program after they have withdrawn. If a student’s academic progress was unsatisfactory when he/she withdrew from the school and later wishes to re-enter school, the student will return under that same status. If a student withdraws with satisfactory academic progress, he/she may return under that same status without loss of credit, grades, or hours.
Foreign Applicants
If a foreign applicant provides a high school diploma or transcript, the admissions department requires that the applicant have an outside agency that is qualified to translate documents into English, confirm the academic equivalence to a U.S. high school diploma.
Additional Questions?
Any additional questions please reach out. One of our admissions counselors is ready to assist! to admissions@ibw.edu, call, or fill out the form below
Admissions
Financial Aid + Tuition
How do I apply for Financial Aid?
To apply, complete the Free ApplicationFederal Student Aid (FAFSA) at https://studentaid.gov/
When you complete the FAFSA, you enter the school code of the school you are interested in attending. The Institute of Beauty and Wellness school code is 038083.
Do I have to be enrolled to apply for Financial Aid?
No, you should apply as soon as you know that you are interested in attending school.
How do I know how much Financial Aid that I will be eligible for?
First, you and the Admissions Department have to determine what program and start date is best for you. Then the school’s Financial Aid Administrator can provide you a personalized Estimated Financial Aid Offer and Tuition Plan. This document will outline your total tuition, what type of Financial Aid you are eligible for, how much Financial Aid you are eligible for, and the estimated date of your Financial Aid disbursements. This document will also let you know if you have a remaining tuition balance because your financial aid eligibility is less than your total tuition, or if you have an overbalance because your financial aid eligibility is more than your total tuition.
I was notified by the school’s Financial Aid Administrator that my FAFSA was selected for verification, what does this mean?
The U.S. Department of Education randomly selects a student’s FAFSA for a review process called “verification” to ensure that the information reported in their FAFSA is accurate. As part of completing verification, you (and your parent, if you are considered dependent) may have to import your Federal Tax Return into your FAFSA, provide a signed and dated copy of your Federal Tax Return, provide a copy of your W‐2(s), complete and submit verification forms. Sometimes, before your financial aid eligibility can be accurately estimated, verification has to be completed. You may have to delay starting school to complete verification. No Federal Financial Aid can be applied toward your tuition until verification is completed. The school’s Financial Aid Administrator will communicate with you (and your parent, if you are considered dependent) about the verification process and requirements.
Verification documentation has to be mailed to The Institute of Beauty and Wellness’ Financial Aid Department, 327 East Saint Paul Avenue, Milwaukee, WI 53202.
What is a Federal Pell Grant?
Unlike a loan, a Federal Pell Grant does not have to be repaid.
What is a Federal Direct Subsidized Loan? What is a Federal Direct Unsubsidized Loan?
Both are loans that have to be repaid. Both have a 6 month grace period which means that repayment does not have to begin until 6 months after your last date of attendance. The Federal Direct Subsidized Loan does not accrue any interest while you’re in school, for your grace period, and during a period of deferment (a postponement of loan payments). The Federal Direct Unsubsidized Loan does accrue interest while you are in school and during grace periods and deferment or forbearance periods. Your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan). The interest rate for Federal Direct Subsidized/Unsubsidized loans first disbursed on or after July 1, 2022 and before July 1, 2023 is 4.99%.
What is a Federal Direct PLUS Loan?
A loan that is applied for by the biological or adoptive parent of a dependent student. Parents apply at https://studentaid.gov/ . The interest rate for Federal Direct PLUS Loans first disbursed on or after July 1, 2022 and before July 1, 2023 is 7.54%.
How do I confirm that I want all of the Financial Aid in my Estimated Financial Aid Offer and Tuition Plan?
You have to e‐mail the school’s Financial Aid Administrator, Gregory Mathews, at gregory@ibw.edu
After confirming my Estimated Financial Aid Offer and Tuition Plan, is there anything else that I need to do?
You have to complete a Title IV Federal Student Aid Entrance Counseling: Arbitration and Class Action Waiver Disclosure. You may have to also complete a Master Promissory Note (MPN) and Entrance Counseling at https://studentaid.gov/ Please look for the school, The Institute of Beauty and Wellness.
If your parent has been approved for and requested a PLUS Loan, he/she has to complete a Title IV Federal Student Aid Entrance Counseling: Arbitration and Class Action Waiver Disclosure. Your parent may have to also complete a Master Promissory Note (MPN) for a Federal Direct PLUS Loan at https://studentaid.gov/
When is my Financial Aid applied toward my tuition?
If you have completed everything that you are required to, you will become eligible for your Financial Aid disbursements throughout your program:
Cosmetology – Pell Grant and PLUS Loan – 1st Day of Program, completion of 450 actual hours, 900 actual hours, and 1250 actual hours
Cosmetology – Federal Direct Subsidized/Unsubsidized Loans – 31 calendar days into program, completion of 450 actual hours, 900 actual hours, and 1250 actual hours
Ayurveda Esthetic ‐ Pell Grant and PLUS Loan– 1st Day of Program, completion of 450 actual hours, 900 actual hours
Ayurveda Esthetic – Federal Direct Subsidized/Unsubsidized Loans – 31 calendar days into program, completion of 450 actual hours and 950 actual hours
Massage Therapy – Pell Grant and PLUS Loan – 1st Day of Program and completion of 375 actual hours
Massage Therapy – Federal Direct Subsidized/Unsubsidized Loans – 31 calendar days into program and completion of 375 actual hours
Esthiology ‐ Pell Grant and PLUS Loan – 1st Day of Program and completion of 300 actual hours
Esthiology – Federal Direct Subsidized/Unsubsidized Loans – 31 calendar days into program and completion of 375 actual hours
On my Estimated Financial Aid Offer and Tuition Plan, it shows that I have a remaining balance owed to the school, how I do pay this?
- Your biological or adoptive parent can apply for a Federal Direct PLUS Loan at https://studentaid.gov/ if you are a dependent student. (If your parent applies, please notify the school’s Financial Aid Administrator.)
- If your parent is denied on the Federal Direct PLUS Loan, you will be eligible for more in Federal Direct Unsubsidized Loans.
- You can be set up on an interest free payment plan to the school where you will have to pay a down payment before starting school and make monthly payments while you are in school.
Admissions
Payments
When is my down payment due?
Your down payment amount is provided in your Estimated Financial Aid Offer and Tuition Plan or your Estimated Payment Contract.
How do I know how much my down payment is?
Your down payment amount is provided in your Estimated Financial Aid Offer and Tuition Plan or your Estimated Payment Contract.
What forms of payment does the school accept?
Cash, personal check, cashier’s check, money order, credit card, and debit card.
Note: There is a 3% fee to pay with a credit or debit card.
How do I make a tuition payment?
You can mail your payment (do not mail cash) to The Institute of Beauty and Wellness Milwaukee: 327 East Saint Paul Avenue, Milwaukee, WI 53202. The Institute of Beauty and Wellness Madison: 353 East Campus Mall, Madison, WI 53715. You can call The Institute of Beauty and Wellness Milwaukee at 414‐227‐2889 and ask for the front desk. You can call The Institute of Beauty and Wellness Madison at 608‐250‐3100 and ask for the front desk. You can make a payment at the school’s front desk. You can also make a payment on the school’s website here:
What is my student ID number?
Before starting class, you student ID number is the last 4 of your social security number.
After starting class, your student ID number is assigned to you by the school.
Will I receive an invoice if I have to make payments throughout my program?
You will receive an invoice to your school e‐mail approximately 5 days before the 1st of each month.
When is my next payment due after I pay the down payment?
It will be due the 1st of the next month after starting class.