Notably, 59% of the students at Academy of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $78,984. The total percentage of candidates applying to Academy of Cosmetology who receive the Federal Grant is 41%. On the other hand, 41% of the candidates get the Student Grant, while 41% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,030. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 41% of the applicants to Academy of Cosmetology opt for student loans.