As many as 60% of the students at SC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,285,861 in a year. One can visit SC's financial aid page at http://www.skidmore.edu/financialaid/ for more information. At SC, the total percentage of applicants who receive the Federal Grant stands at 17%. On the other hand, 49% of the candidates get the Student Grant, 49% receive the Institution Grant, and 17% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,781, and the same stands at $5,469 for State Grant awardees and $45,076 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,926. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $57,937 in a year. The average aid amount stands at $53,831 for an annual family income between $30,001 and $48,000. This amount comes to $52,027 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $42,874. And, for those with a family income of more than $110,000, the amount stands at $22,751. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SC, an estimated number of 34% of the applicants choose to go for student loans.