It is interesting to note that, every year, around 80% of students at TSBC receive some kind of financial aid, while the total amount of assistance/loans provided is $50,375. The total percentage of candidates applying to Tri-State Barber College who receive the Federal Grant is 73%. On the other hand, 73% of the candidates get the Student Grant, while 73% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,921. 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. Every year, around 47% of the applicants to Tri-State Barber College opt for student loans.