As many as 47% of the students at MCBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $244,169 in a year. The total percentage of candidates applying to Mississippi College of Beauty Culture who receive the Federal Grant is 41%. In comparison, 41% of the students get the Student Grant, and 41% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,580. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 41% of the applicants to Mississippi College of Beauty Culture opt for student loans.