As many as 75% of the students at CCBS get some sort of financial aid, and the total amount of assistance/loans provided is more than $924,824 in a year. More information regarding the financial assistance schemes can be accessed on CCBS’s official financial aid page at http://ccbs.edu. Notably, a total of 58% of the applicants to Carolina College of Biblical Studies receive the Federal Grant every year. In comparison, 58% of the students are awarded the Student Grant, 50% get the Institution Grant, and 50% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,080. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,815 in a year. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Carolina College of Biblical Studies, the percentage of candidates who opt to avail of student loans is around 67%.