Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. Notably, 93% of the students at Boricua College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $399,598. For additional information about financial assistance schemes, one can head over to BC’s financial aid page at http://boricuacollege.edu/_Admissions/Admissions.html#Financial_Aid. At BC, the total percentage of applicants who receive the Federal Grant stands at 88%. On the other hand, 93% of the candidates get the Student Grant, while 88% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,863. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,177 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $3,752 and $3,915, respectively. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 7% of the applicants to Boricua College opt for student loans.