Notably, 86% of the students at Capri Institute of Hair Design-Paramus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $295,816. At CIHDP, the total percentage of applicants who receive the Federal Grant stands at 79%. In comparison, 79% of the students get the Student Grant, and 79% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,888. 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. 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 Capri Institute of Hair Design-Paramus, the percentage of candidates who opt to avail of student loans is around 64%.