Notably, 99% of the students at New College of Florida get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,448,066. The total percentage of candidates applying to New College of Florida who receive the Federal Grant is 26%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 25% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,158, the State Grant receivers and Institution Grant beneficiaries get $7,180 and $6,395, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,345. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NCF, an estimated number of 33% of the applicants choose to go for student loans.