It is interesting to note that, every year, around 88% of students at SMHCNHS receive some kind of financial aid, while the total amount of assistance/loans provided is $1,257,698. Notably, a total of 25% of the applicants to Southeast Missouri Hospital College of Nursing and Health Sciences receive the Federal Grant every year. In comparison, 75% of the students get the Student Grant, and 25% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,385. 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. 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 Southeast Missouri Hospital College of Nursing and Health Sciences, the percentage of candidates who opt to avail of student loans is around 88%.