It is interesting to note that, every year, around 88% of students at WC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,453,735. At WC, the total percentage of applicants who receive the Federal Grant stands at 11%. Meanwhile, 86% of the applicants receive the Student Grant and 86% are awarded the Institution Grant, while 11% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,527, while the same comes to $8,705 for State Grant receivers and $25,282 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,600. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Whitman College, the percentage of candidates who opt to avail of student loans is around 50%.