Overview
You can change your beard/hair and hood on/off :
First go to the Gear section:
Press Y while choosing an outfit to toggle hood. ( MIddle Mouse Button )
KEYBOARD:
[Shift]+[Z] – Hair
[Ctrl] + [Z] – Beard
CONTROLLER:
Press RT+Y for the beard (R2+Triangle for Playstation)
Press LT+Y for the hair (L2+Triangle for Playstation)