Among them are scholarship programs such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. As many as 69% of the students at GC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,274,809 in a year. The total percentage of candidates applying to Galveston College who receive the Federal Grant is 52%. On the other hand, 67% of the candidates get the Student Grant, 25% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,485, and the same stands at $754 for State Grant awardees and $1,949 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,168. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 7% of the applicants to Galveston College opt for student loans.