It is interesting to note that, every year, around 79% of students at ACB receive some kind of financial aid, while the total amount of assistance/loans provided is $505,505. Notably, a total of 74% of the applicants to American College of Barbering receive the Federal Grant every year. In comparison, 74% of the students get the Student Grant, and 74% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,923. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 67% of the applicants to American College of Barbering opt for student loans.