Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. Notably, 55% of the students at Alvin Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $798,606. At ACC, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 55% of the applicants receive the Student Grant and 24% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,758, while the same comes to $1,307 for State Grant receivers and $1,382 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,790. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 ACC, an estimated number of 9% of the applicants choose to go for student loans.