It is interesting to note that, every year, around 93% of students at NBC receive some kind of financial aid, while the total amount of assistance/loans provided is $421,940. Notably, a total of 87% of the applicants to Neecee's Barber College receive the Federal Grant every year. On the other hand, 87% of the candidates get the Student Grant, while 87% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,731. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 NBC, an estimated number of 83% of the applicants choose to go for student loans.