It is interesting to note that, every year, around 87% of students at EC receive some kind of financial aid. The total percentage of candidates applying to Elyon College who receive the Federal Grant is 82%. In comparison, 87% of the students get the Student Grant, and 82% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,535. 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. Candidates are also required to repay these loans within a given period.