Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Joseph P. Gavenonis Scholarship, and Ohio College Opportunity Grant, if they find educational expenses to be on the higher side. As many as 90% of the students at GC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,636,251 in a year. Notably, a total of 19% of the applicants to Gettysburg College receive the Federal Grant every year. In comparison, 88% of the students are awarded the Student Grant, 87% get the Institution Grant, and 19% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,629, the State Grant receivers and Institution Grant beneficiaries get $3,458 and $33,030, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,639. 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. 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 GC, an estimated number of 54% of the applicants choose to go for student loans.