It is interesting to note that, every year, around 94% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,631,035. The total percentage of candidates applying to Provo College who receive the Federal Grant is 82%. In comparison, 82% of the students get the Student Grant, and 82% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,234. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 PC, an estimated number of 94% of the applicants choose to go for student loans.