It is interesting to note that, every year, a substantial number of students at LRCS receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $1,161,691. More information regarding the financial assistance schemes can be accessed on LRCS’s official financial aid page at http://www.lutherrice.edu/tuition-and-aid/financial-aid.cms. And, for the Pell Grant awardees, the average aid amount is $3,454. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,875 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $4,424 and $3,375, respectively. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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.