It is interesting to note that, every year, around 96% of students at EC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,761,582. At EC, the total percentage of applicants who receive the Federal Grant stands at 75%. In comparison, 75% of the students get the Student Grant, and 75% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,817. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 14% of the applicants to EDIC College opt for student loans.