Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,917,949. For additional information about financial assistance schemes, one can head over to RC’s financial aid page at http://www.randolphcollege.edu/financialaid/. At RC, the total percentage of applicants who receive the Federal Grant stands at 42%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,389, while the same comes to $3,089 for State Grant receivers and $26,072 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,987. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $29,484 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $28,454, while those falling in the $48,001-$75,000 income category get $26,452 a year. On the other hand, the average federal aid stands at $25,884 for those with an annual family income between $75,001 and $110,000, and at $24,230 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Randolph College, the percentage of candidates who opt to avail of student loans is around 75%.