Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Alumni Dependent Grant, and Atlantic Region Grant, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at NC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,382,933 in a year. At NC, the total percentage of applicants who receive the Federal Grant stands at 57%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,321, and the same stands at $4,345 for State Grant awardees and $14,223 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount 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. 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. Candidates are also required to repay these loans within a given period. Every year, around 64% of the applicants to Nyack College opt for student loans.