Notably, 79% of the students at Grayson College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,811,984. The total percentage of candidates applying to Grayson College who receive the Federal Grant is 58%. In comparison, 71% of the students are awarded the Student Grant, 5% get the Institution Grant, and 58% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,710, while the same comes to $1,654 for State Grant receivers and $1,073 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,985. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 10% of the applicants to Grayson College opt for student loans.