It is interesting to note that almost every student at AC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $648,721. Notably, a total of 97% of the applicants to Advanced College receive the Federal Grant every year. On the other hand, 97% of the candidates get the Student Grant, while 97% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,506. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 80% of the applicants to Advanced College opt for student loans.