As many as 78% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,634,264 in a year. Notably, a total of 13% of the applicants to Carleton College receive the Federal Grant every year. On the other hand, 57% of the candidates get the Student Grant, 57% receive the Institution Grant, and 13% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,128, while the same comes to $4,917 for State Grant receivers and $38,011 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,658. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CC, an estimated number of 41% of the applicants choose to go for student loans.