Notably, 81% 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 $547,977. Notably, a total of 54% of the applicants to Academy of Cosmetology receive the Federal Grant every year. In comparison, 54% of the students get the Student Grant, and 54% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,206. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Academy of Cosmetology, the percentage of candidates who opt to avail of student loans is around 54%.