It is interesting to note that almost every student at MTSHDV receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $54,784. The total percentage of candidates applying to Manuel and Theresa's School of Hair Design-Victoria who receive the Federal Grant is 58%. On the other hand, 58% of the candidates get the Student Grant, while 58% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,970. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to Manuel and Theresa's School of Hair Design-Victoria opt for student loans.