Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,042,627. Notably, a total of 93% of the applicants to Ravenscroft Beauty College receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant, while 93% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,570. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Ravenscroft Beauty College, the percentage of candidates who opt to avail of student loans is around 98%.