As many as 99% of the students at AMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,843,803 in a year. At AMC, the total percentage of applicants who receive the Federal Grant stands at 62%. In comparison, 98% of the students are awarded the Student Grant, 90% get the Institution Grant, and 62% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,627, the State Grant receivers and Institution Grant beneficiaries get $4,195 and $20,568, respectively. And, for the Pell Grant awardees, the average aid amount is $4,785. 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. 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 Albertus Magnus College, the percentage of candidates who opt to avail of student loans is around 83%.