It is interesting to note that, every year, around 91% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $350,600. The total percentage of candidates applying to College of Cosmetology who receive the Federal Grant is 91%. In comparison, 91% of the students get the Student Grant, and 91% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,513. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CC, an estimated number of 73% of the applicants choose to go for student loans.