As many as 93% of the students at NCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $516,000 in a year. At NCC, the total percentage of applicants who receive the Federal Grant stands at 93%. On the other hand, 93% of the candidates get the Student Grant, while 93% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,300. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 93% of the applicants to Nuvo College of Cosmetology opt for student loans.