Notably, around 54% of the students at College of the Albemarle receive some kind of financial aid every year, official data shows. More information regarding the financial assistance schemes can be accessed on CA’s official financial aid page at http://www.albemarle.edu. The total percentage of candidates applying to College of the Albemarle who receive the Federal Grant is 43%. In comparison, 53% of the students are awarded the Student Grant, 14% get the Institution Grant, and 43% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,682, and the same stands at $2,012 for State Grant awardees and $1,336 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,289. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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.