Students can avail of scholarships provided by the college, such as Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship, if they find educational expenses to be on the higher side. As many as 91% of the students at BC get some sort of financial aid, and the total amount of assistance/loans provided is more than $941,362 in a year. More information regarding the financial assistance schemes can be accessed on BC’s official financial aid page at http://www.belmontcollege.edu/financial-aid/. At BC, the total percentage of applicants who receive the Federal Grant stands at 52%. On the other hand, 91% of the candidates get the Student Grant, 42% receive the Institution Grant, and 52% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,145, the State Grant receivers and Institution Grant beneficiaries get $703 and $2,269, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,580. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 39% of the applicants to Belmont College opt for student loans.