ZORGANICS Institute of Beauty and Wellness  is in the process of applying for  Title IV, Federal Student Aid programs. Students will be able to apply for  financial Aid  starting in Fall   

FAFSA CODE                                                   

 043003

The following information is concerning financial assistance program which includes the steps necessary to apply for financial aid. The programs that are now eligible for financial aid and which type of financial aid can be accepted by Zorganics Institute.

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For questions or concerns, please contact our Financial Aid Director  at finance@zorganicsinstitute.edu or call (360)392-8243

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ZORGANICS INSTITUTE SCHOOL CODE  

043003

FINANCIAL AID 

ZORGANICS institute has applied for initial application for Financial aid. 

Student financial aid is money that helps students pay the cost of education. Funds for this aid may be  provided from several sources which  includes federal and state government and local lending institutions. Most  financial aid recipients receive their aid in a combination of "package" composed of more than one type of aid  program. U.S. Citizen and eligible non-citizens who show financial need may be eligible for financial aid. 

Eligible students who demonstrate they need financial assistance may be offered a combination of grants  and/or loans. Grants are awards that students may not have to pay back as long as they remain in and  complete school. However, if a student withdraws, that student may be responsible to pay grant money back  to the U.S. Department of Education. Loans are borrowed money that must be repaid with interest. To apply  for financial aid, students must complete a Free Application for Federal Student Aid (FAFSA) as the primary  need analysis document. Any student interested in obtaining financial aid should visit or call the Financial  Aid department. 

ZORGANICS Institute, participates in the Title IV Federal Financial Aid Program. The  U.S. Department of Education and the Office of Student Financial Assistance authorize this participation. Eligible students at ZORGANICS Institute, may apply for financial aid to assist in  meeting their educational expenses. Programs include Federal Pell Grant and Federal Direct Loans. 

ZORGANICS Institute, makes no representation that a student will receive any financial  assistance. Individual need determines program eligibility. This need determination will comply with all Title  IV Federal Financial Aid regulations. The regulations governing all federal financial assistance programs are  subject to change. The Financial Aid department will have information regarding available programs and  consumer information.  

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FINANCIAL AID COUNSELING 

Electing to take on the debt of a student loan is an important decision. Prior to taking out a student loan,  students must complete Entrance Counseling. This can be completed in person in the Financial Aid  department or online through the U.S. Department of Education’s http://www.fafsa.gov   

Upon completing or exiting a program, students must also complete student loan Exit Counseling. This can  also be completed in person in the Financial Aid department or online at  http://www.fafsa.gov   

METHODS OF DISBURSEMENT  

All Federal financial assistance awarded by the school is disbursed according to Federal regulations.  

Financial aid is disbursed based on a payment period as outlined in the student’s contract. Financial aid is first  credited to the student’s account balance. Should the amount of the disbursement exceed the balance on  the student’s account, the student may be refunded that amount by check. Refund checks may be signed for  in person in the Financial Aid office or mailed to the address on file at the school. If the student prefers to  leave a credit on the account, they must provide a voluntary authorization to do so. The Financial Aid  department can provide the form to authorize the holding of a credit balance. The authorization will show  how much the student wishes to hold and for what time period. The student has the right to cancel such  authorization at any time.  

Refunds will be issued within 30 days of the creation of the credit balance. Checks will be held in the  Financial Aid office for 21 days, after which the check will be mailed the address on file. Refund checks are valid for 90 days. Should a check remain uncleared for more than 90 days, that check is considered void. A  new check can be reissued at the request of the student up to 180 days after the issuance of the original  check. After 180 days, if a check remains uncleared, the unclaimed funds will be returned to the U.S.  Department of Education.

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UPDATES TO THE FAFSA 

Changes made to the FAFSA after enrollment may change student eligibility for federal financial aid. Before  making changes to the FAFSA, a student should check with the Financial Aid Office.  

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DEPENDENCY STATUS 

Should a student have a change in dependency status during an academic year, updates to their FAFSA  may be necessary. 

The FAFSA may be updated if: 

a) The student acquires a dependent child or children, either through birth, adoption or foster care.

b) The student no longer has custody of a dependent child or children. 

c) The student is dependent and both parents pass away during the academic year. 

d) The FAFSA may not be updated for dependency status change due to marriage or divorce. 

If a student re-enters a program after withdrawing, the student’s dependency status must be updated. 

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VERIFICATION 

The Department of Education reserves the right to ask for additional information to confirm data provided by  the student or the parent on the FAFSA. This information must be provided to the Financial Aid Office at   ZORGANICS Institute  by the student or parent. Data to be verified can include income information, household  size, number of family members in college, and other items. Documentation may include a verification  worksheet, tax transcripts, W2 forms, proof of living arrangements, and may include other items.  

If a student’s FAFSA indicates that they are required to provide verification documentation, they should do  so within 30 calendar days of the student’s start date or the student may not be eligible to receive federal  aid. A payment plan based on the total amount due to the school may be offered at that point.  

Verification documents will be reviewed by Financial Aid staff members. Items in the FAFSA that do not  match the information provided in the verification documents must be updated. Student eligibility for federal  aid may be impacted by changes made due to the verification process. 

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How to Apply for Financial Aid

Fill out a free application for student Aid (FAFSA) at http://www.fafsa.gov  

Completing the FAFSA allows the US Department of Education  to determine how much you are eligible for as well as the type of financial aid you will receive. 

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TYPE OF FINANCIAL AID OFFERED

1. GRANTS - Does not have to be repaid. ZORGANICS Institute can provide counseling and services towards acquiring from outside sources Please contact the Admissions representative for more details. 

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2. PELL GRANTS- Also know as Federal subsidized loans, granted to students based on financial needs students who are eligible for Pell grants will receive a specific amount for the period they are enrolled in school.

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3. LOANS- Have to be repaid.

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4. SCHOLARSHIPS- 

ZORGANICS SCHOLARSHIP 

The ZORGANICS Scholarship is a special fund that has been established for current and future ZORGANICS Institute students who are in excellent standing, or who require additional funds in order to meet their financial obligations. ZORGANICS Institute offers several  scholarship programs. Please contact the admissions representative for more details. (360)392-8243

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LOAN COUNSELING 

Prior to loan disbursement, all student loan applicants will be advised of their rights and responsibilities with regard to loans (and other financial aid funds) including but not limited to repayment requirements, sample repayment schedules, repayment options, and default counseling. 

Students have the right to: 

● Cancel the loan(s). 

● Obtain a copy of the Master Promissory Note; this is a legal agreement to repay your loan under the terms stated. 

● A notification of loan sale or transfer; your lender must notify you if your loan is sold or transferred to another organization. In the notification, you should have the new organization’s name, address, and contact information. 

● Know the cost of the program chosen. 

● Understand what criteria. ZORGANICS Institute uses to award student financial options. 

● Know the types of financial assistance that are available, including information on all federal, private, and institutional financial aid programs. 

● Understand the criteria for meeting Satisfactory Academic Progress and maintaining financial aid eligibility. 

Loan Repayment Requirements 

All loans require repayment by the borrower according to the terms of the Master Promissory Note. Repayment options may include deferment and forbearance options. Borrowers should contact their lender as needed. 

Additional Financial Assistance Issues 

ZORGANICS Institute participates in alternative funding options along with scholarships to qualifying students. For more eligibility details, application forms and deadlines, contact the Admissions representative during regular business hours. 

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