It is interesting to note that, every year, around 94% of students at AILA receive some kind of financial aid, while the total amount of assistance/loans provided is $980,415. The total percentage of candidates applying to Aveda Institute-Los Angeles who receive the Federal Grant is 72%. Meanwhile, 72% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 72% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,492. 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. Candidates are also required to repay these loans within a given period. At AILA, an estimated number of 91% of the applicants choose to go for student loans.