Such schemes include MASSGrant Program, Northpoint Bible College - MASSGrant, Northpoint Bible College - One Family Scholarship Program, and Northpoint Bible College - Part-Time Grant. It is interesting to note that, every year, around 85% of students at NBC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,203,565. More information regarding the financial assistance schemes can be accessed on NBC’s official financial aid page at http://www.northpoint.edu. At NBC, the total percentage of applicants who receive the Federal Grant stands at 52%. In comparison, 80% of the students are awarded the Student Grant, 41% get the Institution Grant, and 52% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,512. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $5,418 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $5,819 and $3,077, respectively. On the other hand, the average federal aid stands at $1,528 for those with an annual family income between $75,001 and $110,000, and at $1,184 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NBC, an estimated number of 54% of the applicants choose to go for student loans.