About Financial Aid

The student financial aid programs at our main location Pivot Point Academy and our additional location Wahl Barber Academy are designed to assist students who would find it difficult to attend without financial assistance. Financial aid is only available to those who qualify.

You can contact us from Tuesday – Saturday 9:00 am – 4:45 pm by call at 847-985-4320 or email at info@academy-pp.com

Pivot Point offers the following types of financial assistance:

  • Federal Grants
  • Federal Student Loans

Pivot Point is approved by the United States Department of Education to offer the following Title IV programs for post-secondary education to eligible students:

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Federal Direct Loans (Subsidized and Unsubsidized)
  • Federal Direct PLUS Loans

Financial aid eligibility requirements

  • Be a U.S. citizen or eligible non-citizen
  • Demonstrate financial need
  • Hold a high school diploma, a general education diploma (GED)
  • Be enrolled or accepted for enrollment as a regular student working toward a certificate in an eligible program
  • Have a valid Social Security Number
  • Make satisfactory academic progress
  • Register with Selective Service if required

How is financial aid determined?

The basis of determining a student’s financial need will be an analysis of the financial status of the student’s and/or the parent’s income. This analysis is accomplished by completing a Free Application for Federal Student Aid (FAFSA) distributed by the U.S. Department of Education. The Federal School Code of Pivot Point Academy in Bloomingdale, IL and Wahl Barber Academy in Chicago, IL is 010836.

Where can you find financial aid forms?

  • In your high school guidance counselor’s office
  • In the financial aid office at Pivot Point Academy
  • In die financial aid office at Wahl Barber Academy
  • Via the U.S. Department of Education’s website – FAFSA on the Web www.studentaid.gov

What factors determine financial need?

  • Cost of attendance
  • Expected family contribution
  • Financial need

Professional Judgement

When students apply for financial aid, they are required to provide information about their family’s income, assets, and other relevant factors. Based on this information, the institution calculates the student’s Expected Family Contribution (EFC) and determines their eligibility for various types of financial aid, including grants, loans, and work-study programs.

However, students may pursue an adjustment to their financial aid packages based on special or unusual circumstances. Professional Judgment is the authority granted to financial aid administrators by the Higher Education Act (HEA) to make changes to a student’s cost of attendance, financial information used in the FAFSA to calculate the student’s EFC (these adjustments are based on special circumstances) or to change a student’s dependency status from dependent to independent (these adjustments are based on unusual circumstances).

To address these situations, the institution is following a process defined in its Professional Judgment Policy to adjust a student’s financial aid package based on special circumstances and/or unusual circumstances that were not considered in the initial calculation of the EFC.

Programs eligible for Title IV funding

See programs eligible and non-eligible by location below.

What types of student financial aid are available?

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. Generally, Pell Grants are awarded only to undergraduate students who have not earned a Bachelor’s or professional degree. Also, students have to demonstrate financial need. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added.

Federal Supplemental Educational Opportunity Grant

A Federal Supplemental Educational Opportunity Grant is for undergraduates with exceptional financial needs – that is, students with the lowest Expected Family Contributions (EFCs) – and gives priority to students who qualify for Federal Pell Grants. An FSEOG does not have to be repaid.

Types of Federal Student Loans

Federal Direct Subsidized Loan

  • Direct Subsidized Loans are available to undergraduate students with financial needs.
  • Your school determines the amount you can borrow, and the amount may not exceed your financial need.
  • For a subsidized loan, the U.S. Department of Education pays the interest
    • while you’re in school at least half-time,
    • for the first six months after you leave school (referred to as a grace period*), and
    • during a period of deferment (a postponement of loan payments).

*Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

Federal Direct Unsubsidized Loan

  • Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
  • Your school determines the amount you can borrow by considering the cost of attendance and other financial aid you receive.
  • For an unsubsidized loan, you are responsible for paying the interest during all periods.
  • If you choose not to pay the 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).

Students are encouraged to apply for one type or a combination of the types of financial aid available.

More Financial Aid Resources

Department of Education – The Student Guide – Federal financial aid information

Understanding Student Loan Repayment

The Smart Student Guide to Financial Aid – Scholarship Search and Financial Aid Information

Understand Federal Loan Programs

The Illinois Student Assistance Commission (ISAC) – State grant and scholarship website

FSA ID – Apply for FSA Account (User ID) and Password

SFA Ombudsman – Resolve loan disputes and problems

FAFSA (Federal Application for Student Aid) Online

School Codes – Lookup Title IV school codes for FAFSA. The federal school code for Pivot Point Academy in Bloomingdale, IL and our additional location Wahl Barber Academy in Chicago, IL is 01836

Direct Loan Entrance Counseling (pdf-file) and Complete online Direct Loan Entrance Counseling

Direct Loan Exit Counseling (pdf-file) and Complete online Direct Loan Exit Counseling

From-Student Contact Information and Acknowledgement of Exit Counseling (pdf-file)

Additional links

Selective Service System – register online Here
Internal Revenue Service – tax information Here


The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed by Congress and signed into law to provide economic relief from COVID-19. You can find all CARES Act reports here.

Programs eligible and non-eligible for Title IV funding by location

Pivot Point Academy

Programs eligible for Title iV funding:

  • Barber 1,500 Clock Hour
  • Cosmetology 1,500 Clock Hour
  • Esthetics 750 Clock Hour
  • Teacher Training (Cosmetology) 1,000 Clock Hour
  • Teacher Training Barber 1, 000 Clock Hour
  • Teacher Training Esthetics 750 Clock Hour

Programs non-eligible for Title IV funding:

  • Teacher Training (Barber, Cosmetology, and Esthetics)  500 Clock Hour
  • MUD 84-Hour Certification Level I
  • Cosmetology Refresher Program 250 Clock Hour

Wahl Barber Academy

Programs eligible for Title iV funding:

  • Barber 1,500 Clock Hour
  • Barber Crossover 600 Clock Hour
  • Teacher Training Barber 1,000 Clock Hour

Programs non-eligible for Title IV funding:

  • Teacher Training Barber 500 Clock Hour


  • I was recently at your Bloomingdale location this past Saturday.  Christopher cut my hair as well as did a color correction w/high lights.  Even though I was there for 5 hours he took his time to make sure that the job was being done right and asked instructors for feedback etc when needed.

    Well, the outcome came out FANTASTIC. I posted my picture on my Facebook as well as my personal weight watchers profile and I was bombarded with so many likes saying how cute the color/cut came out and how it complements my newly thinned out features.   I went drastic with a modified pixie cut and I went for it 🤣!!

    I’m hoping that Christopher is available the next time I go for a trim and touch up 😊😊

    Linda B.

    I chose pivot point intentionally because I’ve always loved makeup. Going through all the phases and learning all the curriculum I’ve never been so happy to become a well-rounded hairstylist knowing all techniques and learning all different hair types. I’ve never been so blessed to be working at Sharon Daniel Salon to further my career and make everyone feel beautiful!

    Alissa M.
  • I chose Pivot Point because of its professional but fun atmosphere. I feel that they took cosmetology as seriously as I did but everyone was still warm and welcoming! I am now working at a Redken elite salon in Chicago and I feel like I’ve found a home in my rising salon!

    Mikey D.

    Pivot Point Academy is not only a school, it is a home. This place helped me branch out into a whole different person. I tried things I never knew I would try and accomplished so much more than I would’ve ever thought. Pivot Point allowed me to find another home at Sorelle Salon in Bartlett. I am a full-time stylist now doing hair, makeup, spray tans, lash extensions, lash lifts, and nails! This industry offers so much and Pivot Point helped me realize beauty is unstoppable!

    Gabby B.
  • I chose Pivot Point Academy because I wanted a supportive, family-like school. I knew from the minute I toured the academy; I was home. The educators were amazing, my classmates were always cheering me on and the rest of the team always had my back. I knew going to Pivot Point I would have the best cosmetology education and opportunities following graduation. I was given all of that, plus so much more.

    Savannah F.

    I chose Pivot Point because it had always been highly recommended to me and frankly; no other school compared. I felt welcomed and at home right away, so I knew it was the right choice. After graduating from Pivot Point, I was able to come across an amazing job opportunity at The Mixx Hair Salon where I am now a full-time hairstylist and lead makeup artist.

    Nathaly L.