Notably, 96% of the students at Donnelly College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $646,804. At DC, the total percentage of applicants who receive the Federal Grant stands at 54%. Meanwhile, 96% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 54% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,498, and the same stands at $1,164 for State Grant awardees and $3,939 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,917. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $8,527 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $7,885 and $6,821, respectively. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At DC, an estimated number of 15% of the applicants choose to go for student loans.