Notably, 84% of the students at SUNY at Purchase College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,945,894. At SPC, the total percentage of applicants who receive the Federal Grant stands at 39%. On the other hand, 66% of the candidates get the Student Grant, 59% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,165, while the same comes to $4,071 for State Grant receivers and $2,491 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,773. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 SPC, an estimated number of 59% of the applicants choose to go for student loans.