Such schemes include Art Scholarship, Community Service Scholarship, Creative Writing Scholarship, and Dean's Scholarship. 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 $6,276,771. The total percentage of candidates applying to Lycoming College who receive the Federal Grant is 50%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,267, while the same comes to $3,919 for State Grant receivers and $31,455 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,763. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Lycoming College, the percentage of candidates who opt to avail of student loans is around 78%.