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 $164,802. The total percentage of candidates applying to Hot Springs Beauty College who receive the Federal Grant is 78%. In comparison, 78% of the students get the Student Grant, and 78% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,324. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 67% of the applicants to Hot Springs Beauty College opt for student loans.