It is interesting to note that, every year, around 80% of students at GCD receive some kind of financial aid, while the total amount of assistance/loans provided is $174,577. At GCD, the total percentage of applicants who receive the Federal Grant stands at 20%. In comparison, 60% of the students are awarded the Student Grant, 40% get the Institution Grant, and 20% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,524. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Grace College of Divinity, the percentage of candidates who opt to avail of student loans is around 40%.