Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $428,061. At WBCI, the total percentage of applicants who receive the Federal Grant stands at 100%. On the other hand, 100% of the candidates get the Student Grant, while 100% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,261. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 100% of the applicants to Washington Barber College Inc opt for student loans.