It is interesting to note that, every year, around 88% of students at NCAD receive some kind of financial aid, while the total amount of assistance/loans provided is $487,736. At NCAD, the total percentage of applicants who receive the Federal Grant stands at 58%. In comparison, 73% of the students are awarded the Student Grant, 23% get the Institution Grant, and 54% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,283, the State Grant receivers and Institution Grant beneficiaries get $11,374 and $1,685, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,737. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 88% of the applicants to Northwest College of Art & Design opt for student loans.