Notably, 89% of the students at Waynes College of Beauty get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $77,686. The total percentage of candidates applying to Waynes College of Beauty who receive the Federal Grant is 78%. Meanwhile, 83% of the applicants receive the Student Grant, while 78% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,541. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 WCB, an estimated number of 33% of the applicants choose to go for student loans.