Notably, 86% of the students at Shepherds College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $271,180. Notably, a total of 44% of the applicants to Shepherds College receive the Federal Grant every year. On the other hand, 86% of the candidates get the Student Grant, 72% receive the Institution Grant, and 44% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,498, the State Grant receivers and Institution Grant beneficiaries get $14,193 and $11,608, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,328. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Shepherds College, the percentage of candidates who opt to avail of student loans is around 47%.