It is interesting to note that, every year, around 91% of students at SC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,844,476. One can visit SC's financial aid page at http://www.shortercollege.edu for more information. The total percentage of candidates applying to Shorter College who receive the Federal Grant is 87%. On the other hand, 91% of the candidates get the Student Grant, 12% receive the Institution Grant, and 87% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,190. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $5,671 in a year. 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. Candidates are also required to repay these loans within a given period. At Shorter College, the percentage of candidates who opt to avail of student loans is around 72%.