Students can avail of scholarships provided by the college, such as Constance L. Lloyd/ACMPE Scholarship, Georgia Public Safety Memorial Grant, HERO Scholarship Program (Helping Educate Reservists and their Offspring), and HOPE & PROMISE Teacher Scholarship Loans, if they find educational expenses to be on the higher side. Notably, 92% of the students at Georgia Military College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,453,860. Notably, a total of 61% of the applicants to Georgia Military College receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 15% get the Institution Grant, and 61% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,308, and the same stands at $2,488 for State Grant awardees and $4,297 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,557. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At GMC, an estimated number of 50% of the applicants choose to go for student loans.