Students can avail of scholarships provided by the college, such as Barbara J. Penny Community Service Scholarship, Timothy J. Penny Federal Public Service Fellowship, and Timothy J. Penny State Public Service Fellowship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 85% of students at ATCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,512,863. More information regarding the financial assistance schemes can be accessed on ATCC’s official financial aid page at http://www.alextech.edu/financialaid. Notably, a total of 42% of the applicants to Alexandria Technical & Community College receive the Federal Grant every year. On the other hand, 71% of the candidates get the Student Grant, 37% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,358, the State Grant receivers and Institution Grant beneficiaries get $1,858 and $1,226, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,950. 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. 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. At Alexandria Technical & Community College, the percentage of candidates who opt to avail of student loans is around 52%.