As many as 75% of the students at ATC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,760,693 in a year. More information regarding the financial assistance schemes can be accessed on ATC’s official financial aid page at http://www.anokatech.edu/BecomeStudent/Pay/FinancialAid.aspx. The total percentage of candidates applying to Anoka Technical College who receive the Federal Grant is 42%. Meanwhile, 58% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 42% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,326. 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 ATC, an estimated number of 39% of the applicants choose to go for student loans.