Notably, around 66% of the students at South Texas Barber College Inc receive some kind of financial aid every year, official data shows. At STBCI, the total percentage of applicants who receive the Federal Grant stands at 66%. In comparison, 66% of the students get the Student Grant, and 66% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,429. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe.