It is interesting to note that, every year, around 70% of students at AIM receive some kind of financial aid, while the total amount of assistance/loans provided is $1,033,607. The total percentage of candidates applying to Aveda Institute-Madison who receive the Federal Grant is 30%. On the other hand, 30% of the candidates get the Student Grant, while 30% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,685. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At AIM, an estimated number of 64% of the applicants choose to go for student loans.