It is interesting to note that, every year, around 74% of students at CHDC receive some kind of financial aid, while the total amount of assistance/loans provided is $353,117. The total percentage of candidates applying to College of Hair Design Careers who receive the Federal Grant is 67%. In comparison, 67% of the students get the Student Grant, and 67% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,118. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 CHDC, an estimated number of 63% of the applicants choose to go for student loans.