Notably, 70% of the students at Aveda Institute-Provo get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $607,076. At AIP, the total percentage of applicants who receive the Federal Grant stands at 44%. Meanwhile, 45% of the applicants receive the Student Grant and 2% are awarded the Institution 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 $4,387. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Aveda Institute-Provo, the percentage of candidates who opt to avail of student loans is around 56%.