It is interesting to note that, every year, around 80% of students at CHDD receive some kind of financial aid, while the total amount of assistance/loans provided is $735,186. At CHDD, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 40% of the students are awarded the Student Grant, 38% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $3,624, the State Grant receivers and Institution Grant beneficiaries get $686 and $118, respectively. And, for the Pell Grant awardees, the average aid amount is $4,912. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 40% of the applicants to College of Hair Design-Downtown opt for student loans.