Notably, 78% of the students at Clarkson College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,232,904. At CC, the total percentage of applicants who receive the Federal Grant stands at 33%. In comparison, 61% of the students are awarded the Student Grant, 56% get the Institution Grant, and 33% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,696, and the same stands at $940 for State Grant awardees and $1,370 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,746. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $6,571 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $13,015 and $7,267, respectively. Those with an annual income level of $75,001-$110,000 would receive $6,121, while candidates with more than $110,000 of family income receive an average federal aid of $2,292. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 CC, an estimated number of 67% of the applicants choose to go for student loans.