Among them are scholarship programs such as Amherst College - MASSGrant, Amherst College - One Family Scholarship Program, Amherst College - Part-Time Grant, and Federal Supplemental Educational Opportunity Grant. It is interesting to note that, every year, around 68% of students at AC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,525,231. The total percentage of candidates applying to Amherst College who receive the Federal Grant is 30%. In comparison, 62% of the students are awarded the Student Grant, 62% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,323, and the same stands at $2,780 for State Grant awardees and $55,042 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,777. 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. 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 AC, an estimated number of 18% of the applicants choose to go for student loans.