Notably, 79% of the students at Arkansas Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $75,680. At ABC, the total percentage of applicants who receive the Federal Grant stands at 76%. In comparison, 76% of the students get the Student Grant, and 76% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,406. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Arkansas Beauty College, the percentage of candidates who opt to avail of student loans is around 62%.