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 $309,378. Notably, a total of 63% of the applicants to Appalachian Bible College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,702, while the same comes to $2,654 for State Grant receivers and $6,473 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,461. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 ABC, an estimated number of 37% of the applicants choose to go for student loans.