It is interesting to note that, every year, around 81% of students at ACC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,874,729. Notably, a total of 50% of the applicants to Alaska Career College receive the Federal Grant every year. On the other hand, 56% of the candidates get the Student Grant, 2% receive the Institution Grant, and 48% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,303, and the same stands at $7,066 for State Grant awardees and $500 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,014. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 70% of the applicants to Alaska Career College opt for student loans.