Notably, 89% of the students at American Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $354,733. The total percentage of candidates applying to American Beauty College who receive the Federal Grant is 78%. In comparison, 78% of the students get the Student Grant, and 78% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,689. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. At American Beauty College, the percentage of candidates who opt to avail of student loans is around 72%.