Such schemes include Dr. Allen Smith Memorial Scholarship, Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship. As many as 93% of the students at ICB get some sort of financial aid, and the total amount of assistance/loans provided is more than $576,291 in a year. At ICB, the total percentage of applicants who receive the Federal Grant stands at 75%. Meanwhile, 75% of the applicants receive the Student Grant and 46% are awarded the Institution Grant, while 75% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,726, the State Grant receivers and Institution Grant beneficiaries get $1,066 and $149, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $6,083. 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. 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. At International College of Broadcasting, the percentage of candidates who opt to avail of student loans is around 89%.