Notably, 68% of the students at Los Angeles College of Music get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,057,266. Notably, a total of 29% of the applicants to Los Angeles College of Music receive the Federal Grant every year. On the other hand, 60% of the candidates get the Student Grant, 43% receive the Institution Grant, and 28% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,082. 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. 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 43% of the applicants to Los Angeles College of Music opt for student loans.