As many as 95% of the students at RSBCIN get some sort of financial aid, and the total amount of assistance/loans provided is more than $875,371 in a year. Notably, a total of 83% of the applicants to Raphael's School of Beauty Culture Inc-Niles receive the Federal Grant every year. In comparison, 90% of the students are awarded the Student Grant, 40% get the Institution Grant, and 83% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,099. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 RSBCIN, an estimated number of 78% of the applicants choose to go for student loans.