Notably, 71% of the students at Strand College of Hair Design get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $390,147. At SCHD, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 62% of the candidates get the Student Grant, while 62% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,631. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SCHD, an estimated number of 64% of the applicants choose to go for student loans.