Among them are scholarship programs such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Alumni Grant, and Athletic Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,560,237. At DC, the total percentage of applicants who receive the Federal Grant stands at 38%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,010, and the same stands at $3,225 for State Grant awardees and $17,409 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,217. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 78% of the applicants to Daemen College opt for student loans.