Such schemes include All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. It is interesting to note that, every year, a substantial number of students at AC receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $2,606,586. For additional information about financial assistance schemes, one can head over to AC’s financial aid page at http://www.allencollege.edu/financial-aid.aspx. And, for the Pell Grant awardees, the average aid amount is $4,546. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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.