It is interesting to note that, every year, around 99% of students at NBC receive some kind of financial aid. The total percentage of candidates applying to National Beauty College who receive the Federal Grant is 21%. On the other hand, 99% of the candidates get the Student Grant, 78% receive the Institution Grant, and 21% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,162. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.