Notably, 99% of the students at Bethany Lutheran College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,427,101. Notably, a total of 33% of the applicants to Bethany Lutheran College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 33% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,388, while the same comes to $5,398 for State Grant receivers and $16,710 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,062. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BLC, an estimated number of 70% of the applicants choose to go for student loans.