As many as 55% of the students at ABC receive some kind of financial aid, shows the latest data. At ABC, the total percentage of applicants who receive the Federal Grant stands at 55%. Meanwhile, 55% of the applicants receive the Student Grant, while 55% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,608. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe.