Notably, 89% of the students at Alaska Bible College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $32,030. More information regarding the financial assistance schemes can be accessed on ABC’s official financial aid page at http://www.akbible.edu/admissions/tuition-aid/financial-aid/. The total percentage of candidates applying to Alaska Bible College who receive the Federal Grant is 33%. In comparison, 67% of the students are awarded the Student Grant, 44% get the Institution Grant, and 33% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $2,630. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Alaska Bible College, the percentage of candidates who opt to avail of student loans is around 44%.