It is interesting to note that, every year, around 61% of students at VC receive some kind of financial aid, while the total amount of assistance/loans provided is $5,052,080. The total percentage of candidates applying to Vassar College who receive the Federal Grant is 20%. Meanwhile, 55% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 19% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,668, the State Grant receivers and Institution Grant beneficiaries get $2,883 and $46,417, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,813. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 37% of the applicants to Vassar College opt for student loans.