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 $200,876. The total percentage of candidates applying to Larry's Barber College who receive the Federal Grant is 95%. In comparison, 100% of the students are awarded the Student Grant, 29% get the Institution Grant, and 95% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,079. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 95% of the applicants to Larry's Barber College opt for student loans.