Notably, 80% of the students at Morgantown Beauty College Inc get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $476,137. At MBCI, the total percentage of applicants who receive the Federal Grant stands at 66%. On the other hand, 66% of the candidates get the Student Grant, while 66% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,330. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Morgantown Beauty College Inc, the percentage of candidates who opt to avail of student loans is around 78%.