Notably, 92% of the students at Galaxy Medical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $205,000. At GMC, the total percentage of applicants who receive the Federal Grant stands at 92%. Meanwhile, 92% of the applicants receive the Student Grant, while 92% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $6,094. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. At GMC, an estimated number of 82% of the applicants choose to go for student loans.