Notably, 99% of the students at Gustavus Adolphus College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,125,985. For additional information about financial assistance schemes, one can head over to GAC’s financial aid page at http://gustavus.edu/financialaid/. The total percentage of candidates applying to Gustavus Adolphus College who receive the Federal Grant is 33%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 33% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,925, and the same stands at $5,389 for State Grant awardees and $30,475 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,350. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $41,732 on average in a year. The average aid amount stands at $40,037 for an annual family income between $30,001 and $48,000. This amount comes to $38,180 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $33,040 for those with an annual family income between $75,001 and $110,000, and at $27,300 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At GAC, an estimated number of 63% of the applicants choose to go for student loans.