Notably, 95% of the students at Endicott College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,121,122. One can visit EC's financial aid page at http://www.endicott.edu/financialaid for more information. The total percentage of candidates applying to Endicott College who receive the Federal Grant is 13%. On the other hand, 93% of the candidates get the Student Grant, 93% receive the Institution Grant, and 13% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,163, while the same comes to $1,155 for State Grant receivers and $14,186 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,557. 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 $23,479 per year. The average aid amount stands at $21,527 for an annual family income between $30,001 and $48,000. This amount comes to $18,334 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $16,512, while candidates with more than $110,000 of family income receive an average federal aid of $10,197. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 70% of the applicants to Endicott College opt for student loans.