Notably, 26% of the students at Palace Beauty College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $206,342. Notably, a total of 25% of the applicants to Palace Beauty College receive the Federal Grant every year. On the other hand, 25% of the candidates get the Student Grant, while 25% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,242. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PBC, an estimated number of 8% of the applicants choose to go for student loans.