It is interesting to note that, every year, around 97% of students at BMCHS receive some kind of financial aid, while the total amount of assistance/loans provided is $7,762,622. The total percentage of candidates applying to Baptist Memorial College of Health Sciences who receive the Federal Grant is 47%. In comparison, 94% of the students are awarded the Student Grant, 37% get the Institution Grant, and 47% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $6,098, the State Grant receivers and Institution Grant beneficiaries get $5,921 and $6,515, respectively. And, for the Pell Grant awardees, the average aid amount is $5,091. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Baptist Memorial College of Health Sciences, the percentage of candidates who opt to avail of student loans is around 71%.