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Financial Aid Programs

Financial Aid Programs for Culinary School

Le Cordon Bleu Financial Aid Programs Can Help Fund Culinary School Tuition

Financial aid is available for those who qualify. Grants or scholarships are awarded based on established criteria as published in the school's catalog.

Le cordon Bleu participates in a number of federally funded financial aid programs, administered in accordance with prevailing federal and state laws and the school's institutional policies. Students must meet the eligibility requirements of these programs in order to participate. Students are responsible for providing all requested documentation in a timely manner; failure to do so may jeopardize financial aid eligibility. In order to remain eligible for financial aid, students must maintain satisfactory academic progress as defined in the Le Cordon Bleu catalog.

The links provided on this page offer more details about the types of funding that may be available. If at any point in the process you have questions or need more information, a Le Cordon Bleu student finance representative is available for assistance.

You may access the Department of Education’s Funding page or guide and gain a more detailed understanding of student financial aid programs. Below is a brief summary of the Title IV program which Le Cordon Blue participates:

Financial aid must be approved and all necessary documentation completed before the aid can be applied toward tuition and fees.

Grants and Loans

Federal Pell Grant
This grant program is designed to assist needy undergraduate students who desire to continue their education beyond high school. Every student is entitled to apply for a Federal Pell Grant.

Eligibility is determined by a standard U.S. Department of Education formula, which uses family size, income and resources to determine need. The actual amount of the award is based upon the cost of attendance, enrollment status, and the amount of money appropriated by Congress to fund the program. The Federal Pell Grant makes it possible to provide a foundation of financial aid to help defray the cost of a postsecondary education. Unlike loans, the Federal Pell Grant does not have to be paid back.

Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG is a grant program for undergraduate students with exceptional need with priority given first to students with Federal Pell Grant eligibility. Students who are unable to continue their education without additional assistance may qualify for this program. The federal government allocates FSEOG funds to participating schools. This is a limited pool of funds and the College will determine to whom and how much it will award based on federal guidelines. Often, due to limited funding, grants are awarded on a first-come, first-served basis.

Federal Student and Parent Loans
The U.S. Department of Education’s major form of self-help aid includes loans to students through the William D. Ford Federal Direct Loan (Direct Loans) Program. Direct Loans include Federal Stafford, Federal Parent PLUS, and Federal Consolidation Loans and are available through the U.S. government.

Federal Direct Stafford Loan
Federal Direct Stafford loans are low-interest loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Eligible students borrow directly from the U.S. Department of Education (the Department) at participating schools. Direct Stafford Loans include the following two types of loans:

  • A Subsidized Loan is need-based and the government pays (subsidizes) the interest while the student is in school at least half-time.
  • An Unsubsidized Loan is not based on need. Unlike a subsidized loan, the student is responsible for paying the interest that accrues from the time the loan is disbursed until it is paid in full. Students may choose to pay the interest while in school or allow it to accrue (added to the principal amount of the loan).

These loans do not require a credit check and are available to pay for direct expenses (tuition and fees, books and supplies) and indirect educational expenses (room and board, transportation and personal expenses). Loan limits depend on the student’s grade level and loan type (subsidized or unsubsidized). Repayment begins six months after the student graduates, withdraws from school, or falls below half-time enrollment status.

Federal Aggregate (total combined borrowing) Loan Limits

Maximum Combined Subsidized and Unsubsidized Stafford Maximum Subsidized Stafford- based on need
Dependent Undergraduate $ 31,000 $ 23,000
Independent Undergraduate $ 57,500 $ 23,000

Federal PLUS Loan (Parent Loan for Undergraduate Students)
The William D. Ford Federal Direct Parent-PLUS loan is available to parents of dependent undergraduate students. Either or both parents may borrow from this program. These loans are not based on need but when combined with other resources, cannot exceed the student's cost of education. A credit check is required. Repayment begins within 60 days of final disbursement of the loan within a loan period. However, parents may request a deferment of payments while the student is attending at least half-time.

Federal Work Study (FWS)
FWS is a financial aid program designed to assist students in meeting some of the costs of their education by working part-time while attending school. Positions may be on-campus, off-campus, or community service related. A candidate must demonstrate financial need (as determined by their responses on the FAFSA) to be awarded FWS. The number of positions available may be limited depending upon the institution's annual funding allocation from the federal government.

Military Yellow Ribbon Grant
In accordance with the Yellow Ribbon Program, a provision of the Post-9/11 Veterans Educational Assistance Act of 2008, Le Cordon Bleu has established a Yellow Ribbon Grant. Eligibility and amounts are determined on an annual basis (on or after August 1st) and are subject to change.

To be eligible for the grant and waived application fee, a candidate must be accepted for admission to Le Cordon Bleu, be eligible for Chapter 33 Post-9/11 veterans benefits at the 100% rate, as determined by the Department of Veterans Affairs, complete the appropriate University Attestation form and allow for the verification of their Chapter 33 Post-9/11 eligibility via a DD-214 Member-4, or Certificate of Eligibility, or comparable government document.

* The Yellow Ribbon Grant is available at all Le Cordon Bleu Colleges except Le Cordon Bleu Las Vegas, Le Cordon Bleu Seattle, Le Cordon Bleu Sacramento and Le Cordon Bleu St. Louis

Private Loans
Various lending institutions offer loans to help cover the gap between the cost of culinary school tuition and the amount of federal eligibility. A co-signer may be required to meet the program's credit criteria. Interest rates are variable and are typically based on the prime rate or the Treasury Bill. Contact the Financial Aid office for more information.

*Financial Aid is available to those who qualify. Grants or Scholarships are awarded based on established criteria as published in the School's catalog. 

 

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