Notably, 80% of the students at Emerson College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,824,672. More information regarding the financial assistance schemes can be accessed on EC’s official financial aid page at http://www.emerson.edu/financial_services. The total percentage of candidates applying to Emerson College who receive the Federal Grant is 17%. Meanwhile, 76% of the applicants receive the Student Grant and 75% are awarded the Institution Grant, while 17% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,591, the State Grant receivers and Institution Grant beneficiaries get $2,441 and $20,784, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,874. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,046 per year. The average aid amount stands at $25,207 for an annual family income between $30,001 and $48,000. This amount comes to $22,262 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,937. And, for those with a family income of more than $110,000, the amount stands at $13,339. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Emerson College, the percentage of candidates who opt to avail of student loans is around 52%.