Such schemes include Denton and Ann Lyon Scholarship, Emily Lester Vermont Opportunity Scholarship, Kittredge Coddington Memorial Scholarship, and Marie L. Rose Scholarship. It is interesting to note that, every year, around 53% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,140,767. One can visit MC's financial aid page at http://www.middlebury.edu/admissions/finaid for more information. At MC, the total percentage of applicants who receive the Federal Grant stands at 17%. Meanwhile, 50% of the applicants receive the Student Grant and 50% are awarded the Institution Grant, while 17% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,693, and the same stands at $2,644 for State Grant awardees and $46,885 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,696. 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 $61,191 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $56,827, while those falling in the $48,001-$75,000 income category get $55,146 a year. Those with an annual income level of $75,001-$110,000 would receive $47,755, while candidates with more than $110,000 of family income receive an average federal aid of $26,934. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Middlebury College, the percentage of candidates who opt to avail of student loans is around 30%.