Notably, 89% of the students at Alpena Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,427,506. The total percentage of candidates applying to Alpena Community College who receive the Federal Grant is 56%. On the other hand, 77% of the candidates get the Student Grant, 33% receive the Institution Grant, and 56% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,848, and the same stands at $3,976 for State Grant awardees and $1,631 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,594. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Alpena Community College, the percentage of candidates who opt to avail of student loans is around 30%.