As many as 70% of the students at ASP get some sort of financial aid, and the total amount of assistance/loans provided is more than $395,287 in a year. Notably, a total of 56% of the applicants to Academy for Salon Professionals receive the Federal Grant every year. Meanwhile, 59% of the applicants receive the Student Grant and 4% are awarded the Institution Grant, while 56% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,099. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Academy for Salon Professionals, the percentage of candidates who opt to avail of student loans is around 59%.