As many as 99% of the students at EC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,980,621 in a year. One can visit EC's financial aid page at https://www.eckerd.edu/admissions/financial-aid/ for more information. The total percentage of candidates applying to Eckerd College who receive the Federal Grant is 22%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 22% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,803, the State Grant receivers and Institution Grant beneficiaries get $6,838 and $23,155, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,647. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,895 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $29,108 and $30,143, respectively. Those with an annual income level of $75,001-$110,000 would receive $25,858, while candidates with more than $110,000 of family income receive an average federal aid of $20,377. 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 85% of the applicants to Eckerd College opt for student loans.