As many as 80% of the students at ASCBS get some sort of financial aid, and the total amount of assistance/loans provided is more than $81,839 in a year. The total percentage of candidates applying to Alabama State College of Barber Styling who receive the Federal Grant is 40%. On the other hand, 40% of the candidates get the Student Grant, while 40% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,457. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Alabama State College of Barber Styling, the percentage of candidates who opt to avail of student loans is around 80%.