Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,433,987. More information regarding the financial assistance schemes can be accessed on HC’s official financial aid page at http://www.huntingdon.edu/admission-aid/student-financial-services/. At HC, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,795, while the same comes to $1,147 for State Grant receivers and $11,939 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,573. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $18,295 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $16,906, while those falling in the $48,001-$75,000 income category get $14,108 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,977. And, for those with a family income of more than $110,000, the amount stands at $11,649. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Huntingdon College, the percentage of candidates who opt to avail of student loans is around 75%.