As many as 68% of the students at QC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,996,036 in a year. At QC, the total percentage of applicants who receive the Federal Grant stands at 53%. In comparison, 53% of the students get the Student Grant, and 53% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,602. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. Every year, around 45% of the applicants to Quincy College opt for student loans.