Start by filling out the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for financial assistance. This is a crucial step in accessing grants, loans, and other aid opportunities.
After submitting your FAFSA, you’ll receive your Student Aid Report (SAR), which outlines the information you provided and includes your Student Aid Index (SAI). The SAI is an eligibility index number that is used by the financial aid office to determine how much financial aid you are eligible for. When you fill out your FAFSA, you will provide all the information that is needed to calculate this number.
We’re here to help guide you through the financial aid process! Reach out to our financial aid office at 406.771.8772 ext. 4 or via email at financialaid@montanaacademy.
Go to studentaid.gov and create a personal username and password. (The username is how you sign your FAFSA and log-in to all Department of Education websites. It is for your security. It is very important to create the FSA ID, so you can complete your FAFSA)
Please note: if the student is under the age of 24 years old, NOT married, and does not have any children who receive over half of their support from the student, a username and password need to be created for one of the students parents as well. If the parents are divorced/separated, it is best to use the parent who supports the student.
Use “MyFSA” to create a personalized folder. Use FAFSA4caster to get an early estimate of your eligibility for federal student aid.
Apply online using “FAFSA on the Web” (the online version) of the Free Application for Federal Student Aid Obtain your FSA PIN to sign your FAFSA, if you haven’t done so already. Look up the status of your loan
Subsidized loans are need-based and designed to support you while you focus on your education. During your time at Montana Academy of Salons, the federal government pays the interest, so your loan balance stays steady. After graduation or quit attending, you’ll be required to repay the loan in full, typically over a ten-year period.
With unsubsidized loans, you have the option to begin repayment immediately or wait until after graduation. Keep in mind that interest starts accruing as soon as the loan is disbursed, though the rate is usually more favorable than traditional bank loans. Unlike subsidized loans, these are not need-based, making them accessible to a wider range of students.
PLUS loans are specifically designed for parents of dependent students, allowing them to borrow up to the full cost of attendance, minus any other financial aid received.
Our Great Falls Location is approved for the use of veterans education benefits.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). For more information on VA education benefits, visit the official U.S. government website at https://www.benefits.va.gov/gibill.
We proudly participate in the following VA education programs:
The Military Spouse Career Advancement Accounts (MyCAA) program offers financial assistance to eligible military spouses, helping them pursue education and training to advance their careers.