As many as 60% of the students at BC get some sort of financial aid, and the total amount of assistance/loans provided is more than $459,023 in a year. More information regarding the financial assistance schemes can be accessed on BC’s official financial aid page at http://www.beaconcollege.edu/admissions/tuition-financial-aid/financial-aid/. Notably, a total of 26% of the applicants to Beacon College receive the Federal Grant every year. Meanwhile, 51% of the applicants receive the Student Grant and 51% are awarded the Institution Grant, while 26% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $1,994, and the same stands at $1,941 for State Grant awardees and $9,697 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,495. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $20,246 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $20,251, while those falling in the $48,001-$75,000 income category get $14,392 a year. On the other hand, the average federal aid stands at $12,743 for those with an annual family income between $75,001 and $110,000, and at $10,091 for an income more than $110,000. 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 Beacon College, the percentage of candidates who opt to avail of student loans is around 43%.