Notably, 75% of the students at Aveda Institute-Phoenix get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,060,884. At AIP, the total percentage of applicants who receive the Federal Grant stands at 44%. Meanwhile, 44% of the applicants receive the Student Grant, while 44% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,145. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At AIP, an estimated number of 71% of the applicants choose to go for student loans.