Interestingly, almost all of the students at SLC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $1,354,729 in a year. More information regarding the financial assistance schemes can be accessed on SLC’s official financial aid page at http://www.stlukescollege.edu/financial-aid.aspx. Notably, a total of 75% of the applicants to St Luke's College receive the Federal Grant every year. In comparison, 88% of the students are awarded the Student Grant, 38% get the Institution Grant, and 50% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $2,608, and the same stands at $6,096 for State Grant awardees and $1,833 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,868. 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 an annual income level of $75,001-$110,000 would receive $3,000, while candidates with more than $110,000 of family income receive an average federal aid of $375. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At St Luke's College, the percentage of candidates who opt to avail of student loans is around 88%.