It is interesting to note that almost every student at GC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,609,770. At GC, the total percentage of applicants who receive the Federal Grant stands at 26%. Meanwhile, 100% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 26% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,204, the State Grant receivers and Institution Grant beneficiaries get $2,305 and $20,934, respectively. And, for the Pell Grant awardees, the average aid amount is $4,382. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Gordon College, the percentage of candidates who opt to avail of student loans is around 85%.