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 $4,470,984. One can visit MC's financial aid page at https://ou.monmouthcollege.edu/admissions/financial-aid/default.aspx for more information. The total percentage of candidates applying to Monmouth College who receive the Federal Grant is 35%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 35% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,171, and the same stands at $4,869 for State Grant awardees and $27,603 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,633. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $33,530 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,292, while those falling in the $48,001-$75,000 income category get $30,869 a year. Those with an annual income level of $75,001-$110,000 would receive $27,832, while candidates with more than $110,000 of family income receive an average federal aid of $23,477. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Monmouth College, the percentage of candidates who opt to avail of student loans is around 76%.