Notably, 99% of the students at New Beginning College of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $502,085. The total percentage of candidates applying to New Beginning College of Cosmetology who receive the Federal Grant is 94%. Meanwhile, 94% of the applicants receive the Student Grant, while 94% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,378. 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. At New Beginning College of Cosmetology, the percentage of candidates who opt to avail of student loans is around 87%.