It is interesting to note that, every year, around 87% of students at SPC receive some kind of financial aid, while the total amount of assistance/loans provided is $9,611,818. The total percentage of candidates applying to Saint Paul College who receive the Federal Grant is 73%. In comparison, 79% of the students get the Student Grant, and 73% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,910, the State Grant receivers and Institution Grant beneficiaries get $1,313 and $1,019, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,613. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SPC, an estimated number of 23% of the applicants choose to go for student loans.