Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,047,360. For additional information about financial assistance schemes, one can head over to SHC’s financial aid page at http://www.shc.edu/undergraduate/tuition-and-financial-aid/. At SHC, the total percentage of applicants who receive the Federal Grant stands at 45%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 45% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,393, the State Grant receivers and Institution Grant beneficiaries get $1,085 and $30,572, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,989. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $31,850 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $35,403, while those falling in the $48,001-$75,000 income category get $30,301 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $29,325. And, for those with a family income of more than $110,000, the amount stands at $27,108. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 89% of the applicants to Spring Hill College opt for student loans.