It is interesting to note that, every year, around 57% of students at BHC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,859,352. At BHC, the total percentage of applicants who receive the Federal Grant stands at 32%. In comparison, 53% of the students are awarded the Student Grant, 30% get the Institution Grant, and 32% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,487, the State Grant receivers and Institution Grant beneficiaries get $1,360 and $1,474, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,378. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Black Hawk College, the percentage of candidates who opt to avail of student loans is around 13%.