It is interesting to note that, every year, around 86% of students at JLAC receive some kind of financial aid. The total percentage of candidates applying to Jenny Lea Academy of Cosmetology who receive the Federal Grant is 86%. On the other hand, 86% of the candidates get the Student Grant, while 86% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,910. 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. 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.