Interestingly, almost all of the students at ABCI receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $617,923 in a year. Notably, a total of 50% of the applicants to Austin's Beauty College Inc receive the Federal Grant every year. In comparison, 50% of the students get the Student Grant, and 50% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,507. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Austin's Beauty College Inc, the percentage of candidates who opt to avail of student loans is around 100%.