As many as 96% of the students at AC get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,443,497 in a year. At AC, the total percentage of applicants who receive the Federal Grant stands at 69%. Meanwhile, 94% of the applicants receive the Student Grant and 36% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,739, and the same stands at $2,327 for State Grant awardees and $5,101 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,389. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 30% of the applicants to ASA College opt for student loans.