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 $3,268,172 in a year. At BC, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 100% of the students are awarded the Student Grant, 93% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $8,948, while the same comes to $1,909 for State Grant receivers and $20,502 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,133. 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. 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. At BC, an estimated number of 72% of the applicants choose to go for student loans.