It is interesting to note that almost every student at BC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $8,410,464. For additional information about financial assistance schemes, one can head over to BC’s financial aid page at http://www.bloomfield.edu/admission/financing-education. At BC, the total percentage of applicants who receive the Federal Grant stands at 79%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 78% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,162, the State Grant receivers and Institution Grant beneficiaries get $9,857 and $12,902, respectively. And, for the Pell Grant awardees, the average aid amount is $4,749. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,743 on average in a year. The average aid amount stands at $24,645 for an annual family income between $30,001 and $48,000. This amount comes to $22,151 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $17,917 for those with an annual family income between $75,001 and $110,000, and at $15,855 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Bloomfield College, the percentage of candidates who opt to avail of student loans is around 96%.