While Alice Lloyd College does not rely on any direct financial support from the state or federal governments, it does accept students using federal and state student financial aid such as federal Pell Grants. 16 percent of students receive education loans, for an average of approximately $800. According to the Project on Student Debt, each of Alice Lloyd's 2009 graduates carried an average debt of $6,500, which is well below the statewide average of $19,112 and the national average of $24,000. The College, which accepted 262 of 6,337 applicants for the class of 2017, guarantees tuition to full-time students from an area consisting of 108 counties in Central Appalachia.