It is interesting to note that, every year, around 71% of students at HCAS receive some kind of financial aid, while the total amount of assistance/loans provided is $761,871. Notably, a total of 71% of the applicants to Hope College of Arts and Sciences receive the Federal Grant every year. On the other hand, 71% of the candidates get the Student Grant, while 71% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,982. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 71% of the applicants to Hope College of Arts and Sciences opt for student loans.