Notably, 88% of the students at Touro College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,069,763. Notably, a total of 40% of the applicants to Touro College receive the Federal Grant every year. Meanwhile, 87% of the applicants receive the Student Grant and 85% are awarded the Institution Grant, while 40% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,752, the State Grant receivers and Institution Grant beneficiaries get $3,229 and $6,705, respectively. And, for the Pell Grant awardees, the average aid amount is $5,252. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Touro College, the percentage of candidates who opt to avail of student loans is around 17%.