Interestingly, almost all of the students at ELMCBC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $116,786 in a year. The total percentage of candidates applying to Ea La Mar's Cosmetology & Barber College who receive the Federal Grant is 100%. In comparison, 100% of the students get the Student Grant, and 100% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,463. 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. 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 100% of the applicants to Ea La Mar's Cosmetology & Barber College opt for student loans.