It is interesting to note that, every year, around 83% of students at VCBC receive some kind of financial aid, while the total amount of assistance/loans provided is $65,821. Notably, a total of 83% of the applicants to Velvatex College of Beauty Culture receive the Federal Grant every year. In comparison, 83% of the students get the Student Grant, and 83% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $6,095. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At VCBC, an estimated number of 58% of the applicants choose to go for student loans.