Interestingly, almost all of the students at ECC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $456,500 in a year. The total percentage of candidates applying to Elite College of Cosmetology who receive the Federal Grant is 100%. On the other hand, 100% of the candidates get the Student Grant, while 100% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,550. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 100% of the applicants to Elite College of Cosmetology opt for student loans.