Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,514,610. At BC, the total percentage of applicants who receive the Federal Grant stands at 69%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 69% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,650, while the same comes to $4,210 for State Grant receivers and $8,927 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,708. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 75% of the applicants to Blackburn College opt for student loans.