Such schemes include A Better Chance Scholarship, Arturo Schomburg Scholarship, Faculty Scholarship, and Hampshire College - MASSGrant. Notably, 99% of the students at Hampshire College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,171,694. For additional information about financial assistance schemes, one can head over to HC’s financial aid page at http://www.hampshire.edu/offices/1876.htm. At HC, the total percentage of applicants who receive the Federal Grant stands at 29%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 29% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,930, and the same stands at $2,118 for State Grant awardees and $29,628 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,494. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $43,705 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $43,577 and $39,862, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $34,678. And, for those with a family income of more than $110,000, the amount stands at $24,947. 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 HC, an estimated number of 67% of the applicants choose to go for student loans.