Notably, around 97% of the students at Arkansas Northeastern College receive some kind of financial aid every year, official data shows. The total percentage of candidates applying to Arkansas Northeastern College who receive the Federal Grant is 74%. In comparison, 95% of the students are awarded the Student Grant, 41% get the Institution Grant, and 74% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,286, while the same comes to $999 for State Grant receivers and $2,415 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,283. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.