Interestingly, almost all of the students at EWC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $4,886,530 in a year. For additional information about financial assistance schemes, one can head over to EWC’s financial aid page at http://www.ewc.edu/apply/financial-aid-and-scholarships/. Notably, a total of 87% of the applicants to Edward Waters College receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 61% get the Institution Grant, and 87% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,609, while the same comes to $4,093 for State Grant receivers and $6,029 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,577. 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 $11,663 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $11,536 and $9,662, respectively. On the other hand, the average federal aid stands at $10,475 for those with an annual family income between $75,001 and $110,000, and at $13,525 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 66% of the applicants to Edward Waters College opt for student loans.