It is interesting to note that, every year, around 69% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $583,551. The total percentage of candidates applying to Peloton College who receive the Federal Grant is 65%. On the other hand, 65% of the candidates get the Student Grant, while 65% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,862. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Peloton College, the percentage of candidates who opt to avail of student loans is around 58%.