Notably, 80% of the students at Academy of Hair Design-Lufkin get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $365,256. At AHDL, the total percentage of applicants who receive the Federal Grant stands at 77%. In comparison, 77% of the students get the Student Grant, and 77% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,983. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to Academy of Hair Design-Lufkin opt for student loans.