As many as 96% of the students at USCL get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,845,876 in a year. At USCL, the total percentage of applicants who receive the Federal Grant stands at 50%. On the other hand, 95% of the candidates get the Student Grant, 34% receive the Institution Grant, and 50% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,696, the State Grant receivers and Institution Grant beneficiaries get $4,400 and $1,064, respectively. And, for the Pell Grant awardees, the average aid amount is $4,648. 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. Candidates are also required to repay these loans within a given period. At University of South Carolina-Lancaster, the percentage of candidates who opt to avail of student loans is around 35%.