It is interesting to note that, every year, around 66% of students at BBSNA receive some kind of financial aid, while the total amount of assistance/loans provided is $207,055. Notably, a total of 49% of the applicants to Baldwin Beauty School-North Austin receive the Federal Grant every year. Meanwhile, 49% of the applicants receive the Student Grant, while 49% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,462. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BBSNA, an estimated number of 31% of the applicants choose to go for student loans.