Such schemes include Haller Enterprise Scholarship, Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, and Presidential Scholarship. Interestingly, almost all of the students at TC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,939,120 in a year. More information regarding the financial assistance schemes can be accessed on TC’s official financial aid page at http://www.thiel.edu/financialaid/index.htm. Notably, a total of 56% of the applicants to Thiel College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 54% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,475, and the same stands at $3,016 for State Grant awardees and $17,486 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,534. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,656 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,737, while those falling in the $48,001-$75,000 income category get $21,944 a year. Those with an annual income level of $75,001-$110,000 would receive $18,812, while candidates with more than $110,000 of family income receive an average federal aid of $16,118. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 94% of the applicants to Thiel College opt for student loans.