It is interesting to note that, every year, around 99% of students at PQC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,935,138. Notably, a total of 89% of the applicants to Paul Quinn College receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 89% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,343, and the same stands at $3,158 for State Grant awardees and $2,000 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,998. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 PQC, an estimated number of 82% of the applicants choose to go for student loans.