Interestingly, almost all of the students at BC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,064,168 in a year. The total percentage of candidates applying to Benedictine College who receive the Federal Grant is 23%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 22% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,178, and the same stands at $2,432 for State Grant awardees and $18,986 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,197. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 61% of the applicants to Benedictine College opt for student loans.