It is interesting to note that, every year, around 60% of students at UAHD receive some kind of financial aid, while the total amount of assistance/loans provided is $182,152. The total percentage of candidates applying to University Academy of Hair Design who receive the Federal Grant is 53%. Meanwhile, 53% of the applicants receive the Student Grant, while 53% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,535. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University Academy of Hair Design, the percentage of candidates who opt to avail of student loans is around 40%.