Interestingly, almost all of the students at SC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,709,539 in a year. At SC, the total percentage of applicants who receive the Federal Grant stands at 58%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 58% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,576, while the same comes to $1,538 for State Grant receivers and $18,804 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,609. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SC, an estimated number of 97% of the applicants choose to go for student loans.