Financing

All students that are not ready to pay tuition in full are required to complete the free application for Federal Student Aid (FAFSA) process prior to completing this application. All students will qualify for some form of federal tuition assistance. NIMA requires that students accept all available federal funds prior to qualifying for in-house financing.

There are 3 types of federal tuition assistance:

• Grants – need based, no repayment required
• Subsidized – need based, repayment required, does not accrue interest while in school
• Unsubsidized – all students qualify for unsubsidized loans, repayment required, interest is accrued from start of loan

START FAFSA

NIMA FAFSA Information:
School Code: 042103
Company Name: NIMA National Institute of Medical Aesthetics

If you have already started a FAFSA application for another school, login to your FAFSA account and choose “Make Corrections to a Processed FAFSA”. You will add NIMA’s school information to your existing application. Complete BOTH available FAFSA applications.

Download your Student Aid Report as soon as it is available. This will be emailed to you from the government, once they have processed your FAFSA application (takes 5-7 business days).

Complete the Undergraduate Student Entrance Counseling. Download a copy of your counseling report to upload into your online application.
LOAN ENTRANCE COUNSELING

Complete the Master Promissory note. Using you FSA ID, select “Undergraduate Student” and complete the loan agreement for “Subsidized/Unsubsidized Loans”. Download a copy of your agreement. You will be asked to upload the agreement to this portal.
MASTER PROMISSORY NOTE
After submitting your FAFSA, you will immediately see your “award amount” for Pell Grants, Subsidized and Unsubsidized loans. If these amounts cover your full tuition, complete your application.

Once you have submitted your application, a NIMA Enrollment Specialist will contact you to set up an enrollment meeting where we will:

• Collect a $1,000 down payment
• Schedule payment for your full tuition (due at least 30 days prior to your start date)
• Finalize your enrollment date
• Finalize your attendance schedule
• Sign your enrollment agreement

If additional funds are required to pay your tuition, please proceed to Step 3 prior to submitting your application.

If federal grants and loans do not cover your tuition, and you are not able to self-pay the remaining balance, NIMA requires that you apply for loans through at least 2 private institutions prior to qualifying for in-house financing. Students may use funds from any private institution, however we recommend you begin by working with our preferred vendors listed below.

NIMA Preferred Lenders
EVE FINANCIAL
MACU

For students that are unable to secure funds through private institutions, NIMA offers in-house financing options. Interest will apply and will vary based on current market rates. Once you have applied to at least 2 institutions and have obtained a copy of your loan approval or denial you may submit your application and upload your documents to the portal.

Once you have submitted your application, a NIMA Enrollment Specialist will contact you to set up an enrollment meeting where we will:

• Collect a $1,000 down payment
• Schedule payment in full or set up in-house financing
• Finalize your enrollment date
• Finalize your attendance schedule
• Sign your enrollment agreement