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340 Burlington Ave, Downers Grove, Il 60515www.spatrainingacademy.comConsumer InformationUpdated: November 20161
Page4Consumer Information TopicDisclosure of Consumer InformationNotice of Availability of Institutional & Financial AidInformationExact website address for Consumer InfoPage20Student Financial Aid InformationNeed Based vs. Non Need BasedFederal Pell GrantWilliam D Ford Federal Direct Loan ProgramAdditional Scholarships6Veterans Education BenefitsConsumer Information on College NavigatorWebsiteNet Price Calculator20-22Institutional IntegrityHigh School DiplomasRetention RatesStudy Abroad / Distance EducationGraduate & Professional Education in WhichGraduates EnrollIntercollegiate Athletic Program Rates & DataCitizenship & Constitution DayAcademic Year Definition8Terms & Conditions of Title IVGeneral EligibilityHow Do I Apply?Eligibility Index NumberDetermining Financial Need9Financial Aid Eligibility Standards:Satisfactory Academic ProgressPell GrantsFederal Direct Stafford LoanDefining Estimated Cost of AttendanceCost of Attendance10Selecting Recipients & Determining AwardsExpected Family Contribution (EFC)Return to Title IV or R2T4Proprietary Institutions of Higher EducationHigher Education Act of 196524Forcible Drop / Unofficial WithdrawR2T4 and Institutional Refund PolicyClock hour to credit hour calculation25Text Book Information26Institutional & Program Accreditation, Approval,Licensure27Copyright Infringement Policies & Sanctions27-31Drug and Alcohol Abuse Prevention Program32Vaccinations PolicySecurity Report, Timely Warnings & Crime LogsMissing Persons Notification PolicyImportant Numbers for Safety33Fire Safety Report and Fire LogInformation for Crime Victims about DisciplinaryProceedingsLicensure Requirements (Aesthetics) (Massage)34Placement Information / Job Placement RatesTeacher Preparation Program Report35Student Loan Info Published by the Dept of EdNational Student Loan Database System(NSLDS)Entrance Counseling for Student Loan Borrowers36Exit Counseling for Student Loan BorrowersAvoiding Misrepresentation in RecruitingPracticesCode of Conduct for Education LoansBan on Revenue Sharing37Ban on Gifts & Incentive CompensationBan on Contracting ArrangementsBan on offers of funds for Private loansBan on Staffing AssistanceDetermining Dependent or Independent StatusFrequency of Disbursements11Rights & Responsibilities of Students ReceivingTitle IV12Verification & Verification Process13Acceptable IRS Verification DocumentationIRS Extension and VerificationSample Loan Repayment ScheduleNecessity for Repaying LoansExit CounselingRefund Policy, Requirements for withdrawal andReturn of Title IV Financial Aid23Facilities & Services Available to Students w/Disabilities7Recordkeeping & AccessGainful EmploymentContact Information for Assistance5Consumer Information Topic2
14Notice of Federal Student Aid Penalties for DrugLaw Violations15Privacy of Records – Family Educational Rights &Privacy Act (FERPA)16RecordkeepingStudent and Parent rights to Review EducationalRecords17Prior written consent to disclose students recordsDisclosures to School Officials1838Ban on Advisory Board/ Recruiter CompensationSanctionsPreferred Lender ListsAvailability of employee for disseminationpurposesDependency OverridesCourse Incompletes and Repetitions39Student Body Diversity40Information Security ProgramDisclosures to gov’t agenciesDisclosures in response to subpoenas or courtordersDocumenting the disclosure of information19FERPA Responsibilities & Student RightsRights under FERPA3
Disclosure of Consumer Information – Your Right to KnowUniversal Spa Training Academy Inc., is committed to providing its students, their families, and theircampus communities, full disclosure of all consumer information as required by state and federal lawsand regulations. The laws are intended to satisfy students’ right to know and to give students theopportunity to make fully informed choices regarding the institution they elect to attend. Theinformation below should be read and understood. If you need clarification or additional information,please let your instructor know or contact the Campus Director.Notice of Availability of Institutional and Financial Aid InformationStudent applicants may view accreditation, eligibility, and certification documents upon request.Accreditation and state license information may be viewed at the front desk. Department of Educationeligibility and certification letters may be viewed upon request with the Campus Director.The information included within this publication is provided to each student through the school website.For each enrolled student, they may access this consumer information online at anytime by visiting thedirect website ploads/2013/07/ConsumerInformation.pdf ,or byrequesting a printed version of this information at the front desk. To request a paper copy of thisinformation, please see the Contact Information for Assistance in Obtaining Institutional or Financial AidInformation in the section immediately following.InstitutionUniversal Spa TrainingAcademyExact Website Address of E ID: 04175000Contact Information for Assistance in Obtaining Institutional or Financial Aid InformationUniversal Spa Training Academy Inc., has designated individual(s) to assist prospective and enrolledstudents in obtaining the institutional or financial aid information required to be disclosed under HEASec. 485(a)(1), Sec. 485(f), [Sec.485(h)], and Sec. 485(j).InstitutionUniversal SpaTrainingAcademyOPE ID:04175000Address340BurlingtonAve,DownersGrove, IL60515Telephone630-968-6800Option: 1ContactATTN: Chris Tyler,Financial ningacademy.com4
Student Financial Aid InformationThe purpose of student financial aid is to provide assistance to students who, without financial aid,would be unable to attend.Need-Based and Non-Need-Based Financial Assistance ProgramsThere are many different types of aid available. Some of these are grants, loans, scholarships, andVeterans Benefits.Federal Pell Grant (PELL)Pell grants are the foundation of federal student financial assistance to which aid from other federal andnonfederal sources might be added. These grants are generally awarded to undergraduate students andthe award amounts can change yearly. Unlike loans, grants are not repaid unless, for example, youwithdraw from school prior to the planned program completion date. All federal grants are awarded tostudents with financial need. The amount of your Federal Pell Grant depends on your cost ofattendance, expected family contribution, enrollment status (full or part time) and whether you attendfor a full academic year or less. For more information visit Federal Pell Grant.William D. Ford Federal Direct Loan ProgramStudent loans, unlike grants, are borrowed money (monies) that must be repaid with interest. Loansmade through this program are referred to as Direct Loans. Eligible students and parents borrowdirectly from the U.S. Department of Education. For more information visit William D. Ford FederalDirect Loan Program. There are three types of loans in the program:Subsidized Stafford Loan- A student can borrow this type of loan to cover some or all of their schoolexpenses. The U.S. Department of Education pays the interest while you’re in school at least half-timeand for the first six months after you leave school (grace period). The amount of the loan cannot exceeda student’s financial need. For more information visit Subsidized Stafford Loan.Unsubsidized Stafford Loan- A student can borrow this type of loan to cover some or all of their schoolexpenses. The U.S. Department does not pay interest on subsidized loans. A student is responsible forpaying the interest that accrues on the loan from the time the loan is disbursed until it’s paid in full. Thefixed interest rate of 6.8 percent can be paid while attending school, during a period of deferment orforbearance or it can be accrued and the interest added to the principle amount of the loan. For moreinformation visit Unsubsidized Stafford Loan.PLUS Loans- Parents of dependent students can borrow from the PLUS Loan program. The terms andconditions of this type of loan include a requirement that the applicant not have an adverse credithistory, a repayment period that begins on the date of the last disbursement of the loan and a fixedinterest rate of 7.4 percent for the Direct Loan. For more information visit PLUS Loans.Additional Scholarship OpportunitiesNCEA Esthetician Scholarship – 1,000. click hereAMTA Massage Scholarship – 5,000. click hereOPI Nail Technician Scholarships - 500. click hereDept. of Education Scholarship website: click here5
Veteran’s Education BenefitsThe Department of Veterans Affairs administers a variety of education benefit programs. Many Veteransand active duty personnel can qualify for more than one education benefits program.Veterans need to be aware of a few special circumstances when completing the Free Application forFederal Student Aid (FAFSA). These circumstances include the student aid treatment of veteran’seducation benefits and the definition of a veteran for student aid purposes. http://www.finaid.org/military/vedbenefits.phtml are usually treated as resources, not income,for federal student aid purposes. There are, however, a few y.phtml can be a source of confusion on the .phtml is not necessarily the same as veteranstatus for VA purposes.Any student interested in this type of benefit must verify with the school representative that the schoolis eligible for benefits. You can find more information on the web by visiting www.gibill.va.gov.Survivors’ and Dependents’ Educational Assistance Program (DEA)Of particular interest is the Survivors’ and Dependents’ Educational Assistance Program (DEA). Itprovides up to 45 months of education and training opportunities to eligible dependents of certainveterans. To be eligible, you must be the son, daughter, or spouse of a veteran who died or ispermanently and totally disabled as the result of a service-connected disability, or who died while such adisability was in effect, or is MIA or captured in the line of duty by a hostile force, or is forcibly detainedor interned in the line of duty by a foreign government or power. Sons and daughters must be betweenthe ages of 18 and 26. Spousal benefits end 10 years from the date the VA finds the spouse as eligible orfrom the date of death of the veteran. To apply, complete VA Form 22-5490, Application for Survivors’and Dependents’ Educational Assistance. For more information, call 1-888-GIBILL-1 (1-888-442-4551).Federal Benefits for Veterans and DependentsUpdated annually by the Department of Veterans Affairs (VA), the publication Federal Benefits forVeterans and Dependents contains information about education and training benefits available toveterans and eligible dependents. [VA Pamphlet 80-02-1, 114 pages, Stock Number 051-000-00225-3.]The booklet may be obtained free of charge from VA hospitals or regional offices. To request a copy,visit your nearest VA facility, call 1-800-827-1000 or write to Department of Veterans Affairs, Office ofPublic Affairs (80D), 810 Vermont Avenue, NW, Washington, DC 20420. It is also available for downloadfree in PDF format from the VA’s web site.Financial Aid available for those who qualify and may be subject to the terms of the scholarships, loansor grants applied for.Facilities and Services Available to Students with DisabilitiesWe will try to accommodate any reasonable request for qualified students with disabilities. Studentsrequesting accommodations or other support services should notify the Campus Director.6
Institutional IntegrityTo avoid any misrepresentation, the greater purpose of providing this Consumer Information,Enrollment Agreement(s), Annual Security Report, and the School Catalog is to provide you, theprospective student, state agencies, our accrediting commission, and the Secretary of Education withaccurate and timely information regarding the cost, aid, programs of study, transferability of credit, andjob placements. This helps the prospective student compare and make an informed decision.High School DiplomasRegulations require Universal Spa Training Academy, Inc., to have procedures in place to evaluate thevalidity of a student’s high school diploma if the school or the Department of Education questions thevalidity of the diploma. Universal Spa Training Academy, Inc., has such a policy in place.Retention RateInformation concerning retention, completion, graduation and transfer out rates is available at theIPEDS Data Center tutionProfile.aspx?unitId afb0b4aeb2af )Study Abroad / Distance EducationUniversal Spa Training Academy, Inc. does not participate in any programs which are approved for studyabroad or distance education.Graduate and Professional Education in Which the Institution’s Graduates EnrollUniversal Spa Training Academy does not offer any 4-year degree programs; therefore, there are nottypes of graduate and professional education in which graduates enroll.Intercollegiate Athletic Program Participation Rates and Financial Support DataUniversal Spa Training Academy does not have an intercollegiate athletic program; therefore, there is noconsumer information available on this Subject Area.Citizenship and Constitution DayRecognized on the 17th of September, unless September 17 falls on a Saturday, Sunday, or holiday,Constitution Day shall be held during the preceding or the following week.”Constitution Day/“Educational institutions receiving Federal funding are required to hold an educationalprogram pertaining to the United States Constitution on September 17 of each year.”Academic Year DefinitionUniversal Spa Training Academy defines an academic year as 900 hrs in length.7
Terms and Conditions of Title IV, HEA LoansGeneral Eligibility1.2.3.4.5.6.7.8.9.Have a high school diploma or General Education Development (GED) CertificateBe enrolled in a Title IV participating institution and attending on at least a half time basisShow financial need (based upon an analysis of you and your family’s income and assetsBe a US citizen, eligible non-citizen, national, or permanent resident of the USAHave a valid Social Security numberMake Satisfactory ProgressMales must register (have registered) with the Selective ServiceFully complete a Free Application for Federal Student Aid (FAFSA)Not be delinquent; in default; or owe refund of an overpayment on any grant aidHow do I apply?Applications for federal aid programs are made by completing a Free Application for Federal Student Aid(FAFSA) (www.fafsa.ed.gov) which collects your family’s income and asset information. If you have anydifficulty in accessing or understanding the FAFSA, you may make an appointment with the financial aidoffice to have assistance in filling out the FAFSA.Our School Code is: 041750 (Universal Spa Training Academy) Verification: Once received, your FAFSA may be required to submit additional, supportinginformation regarding your FAFSA. We will not be able to process your application without anyrequested documentation.Your FAFSA will be analyzed and assigned an Eligibility Index Number (EFC) which stands forEstimated Family ContributionYou will receive a Student Aid Report (SAR)An Institutional Student Information Record (ISIR) will be sent to the schools you selectedEligibility Index NumberFinancial need is determined by an annual, congressionally approved formula applied for all financial aidapplicants. To determine financial need, an index is created based upon facts about you and yourfamily’s income and assets; the size of your family; number of family members attending post-secondaryschool(s); and any unusual circumstances or financial hardships specific to you. This index is used todetermine your financial aid assistance in meeting the cost of attending a post-secondary institution.Determining Financial NeedFinancial need Cost of Going to School less your Expected Family Contribution .Cost of Going to School tuition, fees, books, supplies, equipment, and other educational costs.Expected Family Contribution the amount that is determined to be your family’s contribution to youreducation.8
Financial Aid Eligibility Standards: Satisfactory Academic ProgressUniversal Spa Training Academy, Inc., has an established Satisfactory Academic Progress policy which itfollows with each student. This policy is to ensure that all students, whether or not they are receivingfederal student aid, meet the academic and attendance requirements.Pell GrantsPell Grants are awarded based upon financial eligibility, determined by your Free Application for FederalStudent Aid (www.fafsa.ed.gov) . To become eligible and to maintain eligibility, a student must beenrolled and meet or exceed satisfactory academic progress (SAP), including attendance minimums.Federal Direct Stafford LoanThe amount of this loan, in combination with other financial aid, cannot exceed the cost of attendanceas determined by the institution.Defining Estimated Cost of AttendanceCost of Attendance (COA) is an average figure to determine your financial aid eligibility. It includesestimates of standard expenses such as tuition, fees, books, supplies, room, board, and personalexpenses such as unreimbursed medical/dental expenses, clothing, and transportation.Cost of AttendanceAestheticsStudents Living with ParentsTuition and feesBooks and suppliesRoom and boardOtherTotal 15,400.00 450.00Massage TherapyStudents Living with ParentsTuition and feesBooks and suppliesRoom and boardOtherTotal 11,250.00 700.00 999.00 16,849.00 810.00 12,760.00Students Not Living withParents 15,400.00 450.00 5,985.00 999.00 22,834.00Students Not Living withParents 11,250.00 700.00 3,900.00 810.00 16,660.00CREDIT-BALANCESUpon satisfying all tuition and fee obligations with the school, any student account resulting in a credit balance willreceive payment through the school for the credit amount. To become eligible for credit balance awards, thestudent account (contract charges) must be paid in full. The school will receive full federal aid payment in thesecond half of a student’s program. Credit balances will be issued to the student within 14 days of the creation ofthe credit balance. Students are reminded that any eligible federal monies received above the cost of tuition andfees will also become part of the overall loan package accruing interest and must be repaid. Parents or studentswho do not wish for the school to hold credit balances for additional charges can request a Release of Title IVAuthorization Form from the financial aid office.9
Selecting Recipients and Determining Amount of AwardExpected Family ContributionThe Expected Family Contribution (EFC) is a measure of your family’s financial strength and is calculatedaccording to a formula established by law. Your family’s income, family size, and the number ofindividuals in your family who will attend college during the year are all considered.The information you report on your Free Application for Federal Student Aid (FAFSA) or your is used tocalculate your EFC. Schools use EFC to determine your federal student aid eligibility and financial aidaward.For more information, please visit: Funding Education Beyond High School: The Guide to Federal StudentAid student guide/index.html. To request a freecopy of Funding Education Beyond High School: The Guide to Federal Student Aid, call the FederalStudent Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).Determining Dependent or Independent Student StatusWhen comple
NCEA Esthetician Scholarship – 1,000. click here AMTA Massage Scholarship – 5,000. click here OPI Nail Technician Scholarships - 500. click here Dept. of Education Scholarship website: click here . 6 Veteran’s Education Benefits The Department of Veterans Affairs administe
