It is interesting to note that, every year, a substantial number of students at BSMCN receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $1,879,432. One can visit BSMCN's financial aid page at http://www.bsmcon.edu/financial-aid for more information. And, for the Pell Grant awardees, the average aid amount is $3,838. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.