Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship. It is interesting to note that, every year, around 26% of students at PCJ receive some kind of financial aid, while the total amount of assistance/loans provided is $90,152. More information regarding the financial assistance schemes can be accessed on PCJ’s official financial aid page at http://www.pcj.edu/admissions/financial-aid/. The total percentage of candidates applying to Pontifical College Josephinum who receive the Federal Grant is 26%. Meanwhile, 26% of the applicants receive the Student Grant and 5% are awarded the Institution Grant, while 16% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,289. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $8,652 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $6,800, while those falling in the $48,001-$75,000 income category get $4,870 a year. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.