Tennessee School of Beauty Cosmetology and Esthetics students may also apply for a Federal Student Loan (aka Direct Loan). This loan program is a loan that does not have to be paid back until 6 months after the student leaves school. The maximum loan for a student considered independent for financial aid purposes is currently $9500, and $5500 for a dependent student. To apply, please go to www.studentloans.gov and complete the Entrance Loan Counseling and then sign the Electronic Master Promissory Note (E-MPN). Please print these out and bring them to the school with you. As always, if you have any questions, please call us and we will be happy to assist you as this process can sometimes be a little overwhelming.