Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $127,500. At AWC, the total percentage of applicants who receive the Federal Grant stands at 92%. On the other hand, 100% of the candidates get the Student Grant, 92% receive the Institution Grant, and 77% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,967, the State Grant receivers and Institution Grant beneficiaries get $500 and $1,276, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,566. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Allegheny Wesleyan College, the percentage of candidates who opt to avail of student loans is around 92%.