It is interesting to note that, every year, around 84% of students at NIC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,535,807. More information regarding the financial assistance schemes can be accessed on NIC’s official financial aid page at http://www.nic.edu/Websites/index.asp?dpt=29. Notably, a total of 48% of the applicants to North Idaho College receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 51% get the Institution Grant, and 48% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,604, the State Grant receivers and Institution Grant beneficiaries get $3,052 and $1,647, respectively. And, for the Pell Grant awardees, the average aid amount is $3,640. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 34% of the applicants to North Idaho College opt for student loans.