Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $11,244,536. More information regarding the financial assistance schemes can be accessed on FSC’s official financial aid page at http://www.flsouthern.edu/undergraduate/financial-aid.aspx. The total percentage of candidates applying to Florida Southern College who receive the Federal Grant is 30%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 30% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,852, while the same comes to $7,421 for State Grant receivers and $20,024 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,500. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $25,447 in a year. The average aid amount stands at $24,355 for an annual family income between $30,001 and $48,000. This amount comes to $21,773 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $20,198 for those with an annual family income between $75,001 and $110,000, and at $19,734 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At FSC, an estimated number of 85% of the applicants choose to go for student loans.