Notably, 61% of the students at Franklin and Marshall College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,453,775. At FMC, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 55% of the candidates get the Student Grant, 55% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,323, while the same comes to $3,745 for State Grant receivers and $43,734 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,981. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 49% of the applicants to Franklin and Marshall College opt for student loans.