Notably, 77% of the students at Scott College of Cosmetology get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $140,354. The total percentage of candidates applying to Scott College of Cosmetology who receive the Federal Grant is 71%. In comparison, 71% of the students are awarded the Student Grant, 9% get the Institution Grant, and 71% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,745. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SCC, an estimated number of 63% of the applicants choose to go for student loans.