Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $68,500. The total percentage of candidates applying to Fosters Cosmetology College who receive the Federal Grant is 83%. Meanwhile, 83% of the applicants receive the Student Grant, while 83% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,157. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 40% of the applicants to Fosters Cosmetology College opt for student loans.