Notably, 82% of the students at Old Town Barber College-Wichita get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $524,732. At OTBCW, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 75% of the candidates get the Student Grant, while 75% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,341. 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. 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. At OTBCW, an estimated number of 82% of the applicants choose to go for student loans.