As many as 99% of the students at BMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,469,183 in a year. More information regarding the financial assistance schemes can be accessed on BMC’s official financial aid page at http://www.bmc.edu/financial_aid.asp. The total percentage of candidates applying to Blue Mountain College who receive the Federal Grant is 43%. In comparison, 98% of the students are awarded the Student Grant, 94% get the Institution Grant, and 43% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,766, while the same comes to $1,541 for State Grant receivers and $7,830 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,683. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $10,775 per year. The average aid amount stands at $10,575 for an annual family income between $30,001 and $48,000. This amount comes to $8,470 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $6,443 for those with an annual family income between $75,001 and $110,000, and at $3,724 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Blue Mountain College, the percentage of candidates who opt to avail of student loans is around 49%.