It is interesting to note that, every year, around 94% of students at WGHA receive some kind of financial aid, while the total amount of assistance/loans provided is $318,670. Notably, a total of 84% of the applicants to Wade Gordon Hairdressing Academy receive the Federal Grant every year. Meanwhile, 84% of the applicants receive the Student Grant, while 84% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,764. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At WGHA, an estimated number of 88% of the applicants choose to go for student loans.