It is interesting to note that, every year, around 72% of students at HC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,241,554. More information regarding the financial assistance schemes can be accessed on HC’s official financial aid page at http://helms.edu/admissions-aid/tuition-aid/. At HC, the total percentage of applicants who receive the Federal Grant stands at 64%. Meanwhile, 64% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 64% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,896. 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 $4,135 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $3,215, while those falling in the $48,001-$75,000 income category get $1,976 a year. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Helms College, the percentage of candidates who opt to avail of student loans is around 62%.