Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $421,881. Notably, a total of 67% of the applicants to VanderCook College of Music receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 62% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,217, while the same comes to $5,640 for State Grant receivers and $9,707 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,296. 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. 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. Candidates are also required to repay these loans within a given period. At VanderCook College of Music, the percentage of candidates who opt to avail of student loans is around 90%.