Among them are scholarship programs such as Academic Excellence Scholarship, Art Scholarship, Boy/Girl State Scholarship, and David L. Gasser Memorial Scholarship. As many as 99% of the students at RC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,046,325 in a year. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.ripon.edu/financial-aid/. The total percentage of candidates applying to Ripon College who receive the Federal Grant is 40%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,268, the State Grant receivers and Institution Grant beneficiaries get $3,317 and $27,877, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,140. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $34,289 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $33,403 and $32,817, respectively. Those with an annual income level of $75,001-$110,000 would receive $29,315, while candidates with more than $110,000 of family income receive an average federal aid of $27,414. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 RC, an estimated number of 85% of the applicants choose to go for student loans.