It is interesting to note that, every year, around 86% of students at SLC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,441,614. For additional information about financial assistance schemes, one can head over to SLC’s financial aid page at http://www.sarahlawrence.edu/financialaid/. At SLC, the total percentage of applicants who receive the Federal Grant stands at 11%. On the other hand, 84% of the candidates get the Student Grant, 83% receive the Institution Grant, and 11% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,873, and the same stands at $2,421 for State Grant awardees and $31,518 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,470. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $45,125 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $38,551, while those falling in the $48,001-$75,000 income category get $43,312 a year. Those with an annual income level of $75,001-$110,000 would receive $37,220, while candidates with more than $110,000 of family income receive an average federal aid of $28,357. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Sarah Lawrence College, the percentage of candidates who opt to avail of student loans is around 48%.