Notably, 44% of the students at Royale College of Beauty and Barbering get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $230,225. At RCBB, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 35% of the applicants receive the Student Grant, while 35% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,867. 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. 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. Every year, around 41% of the applicants to Royale College of Beauty and Barbering opt for student loans.