Notably, 57% of the students at Carsten Institute of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $344,769. The total percentage of candidates applying to Carsten Institute of Cosmetology who receive the Federal Grant is 57%. In comparison, 57% of the students get the Student Grant, and 57% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,647. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CIC, an estimated number of 57% of the applicants choose to go for student loans.