As many as 90% of the students at IC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,722,720 in a year. The total percentage of candidates applying to IBMC College who receive the Federal Grant is 85%. Meanwhile, 85% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 85% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,005, the State Grant receivers and Institution Grant beneficiaries get $905 and $608, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,435. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 89% of the applicants to IBMC College opt for student loans.