It is interesting to note that, every year, around 55% of students at BBA receive some kind of financial aid, while the total amount of assistance/loans provided is $1,052,520. Notably, a total of 38% of the applicants to Boca Beauty Academy receive the Federal Grant every year. On the other hand, 38% of the candidates get the Student Grant, 3% receive the Institution Grant, and 38% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,322. 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. 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 BBA, an estimated number of 23% of the applicants choose to go for student loans.