Notably, 51% of the students at Richland College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,407,695. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.richlandcollege.edu/pc/fa/pages/fa-offices.aspx. Notably, a total of 35% of the applicants to Richland College receive the Federal Grant every year. On the other hand, 46% of the candidates get the Student Grant, 7% receive the Institution Grant, and 35% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,926, while the same comes to $1,471 for State Grant receivers and $1,573 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,000. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. At Richland College, the percentage of candidates who opt to avail of student loans is around 6%.