Such schemes include Joseph P. Gavenonis Scholarship and Technology Scholarship. 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 $3,112,840. More information regarding the financial assistance schemes can be accessed on RC’s official financial aid page at http://www.rosemont.edu/admissions/tuition-and-aid/financial-aid/index.php. The total percentage of candidates applying to Rosemont College who receive the Federal Grant is 45%. In comparison, 100% of the students are awarded the Student Grant, 93% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,202, the State Grant receivers and Institution Grant beneficiaries get $3,689 and $9,464, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,946. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $16,963 on average in a year. The average aid amount stands at $16,899 for an annual family income between $30,001 and $48,000. This amount comes to $13,798 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $7,882, while candidates with more than $110,000 of family income receive an average federal aid of $7,764. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Rosemont College, the percentage of candidates who opt to avail of student loans is around 80%.