Interestingly, almost all of the students at MC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $6,789,029 in a year. One can visit MC's financial aid page at http://www.meredith.edu/financial-assistance for more information. Notably, a total of 36% of the applicants to Meredith College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 98% receive the Institution Grant, and 35% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,974, and the same stands at $5,425 for State Grant awardees and $18,235 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,840. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,309 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,378 and $25,232, respectively. Those with an annual income level of $75,001-$110,000 would receive $20,567, while candidates with more than $110,000 of family income receive an average federal aid of $17,817. 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 Meredith College, the percentage of candidates who opt to avail of student loans is around 63%.