Such schemes include American International College - MASSGrant, American International College - One Family Scholarship Program, American International College - Part-Time Grant, and Carnegie Dartlet $10,000 Scholarship. It is interesting to note that almost every student at AIC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,987,953. The total percentage of candidates applying to American International College who receive the Federal Grant is 74%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,159, and the same stands at $1,768 for State Grant awardees and $24,732 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,598. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 85% of the applicants to American International College opt for student loans.