It is interesting to note that, every year, around 57% of students at ACCD receive some kind of financial aid, while the total amount of assistance/loans provided is $7,390,521. For additional information about financial assistance schemes, one can head over to ACCD’s financial aid page at http://www.artcenter.edu/admissions/tuition-and-aid/financial-aid/financial-aid-eligibility.html. Notably, a total of 23% of the applicants to Art Center College of Design receive the Federal Grant every year. Meanwhile, 51% of the applicants receive the Student Grant and 49% are awarded the Institution Grant, while 23% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,464, while the same comes to $8,055 for State Grant receivers and $12,746 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,807. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $23,603 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,012, while those falling in the $48,001-$75,000 income category get $19,140 a year. Those with an annual income level of $75,001-$110,000 would receive $17,350, while candidates with more than $110,000 of family income receive an average federal aid of $8,950. 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. At Art Center College of Design, the percentage of candidates who opt to avail of student loans is around 38%.