Notably, 89% of the students at Bakersfield College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,158,967. One can visit BC's financial aid page at http://www.bakersfieldcollege.edu/finaid/ for more information. At BC, the total percentage of applicants who receive the Federal Grant stands at 60%. In comparison, 89% of the students are awarded the Student Grant, 7% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,893, and the same stands at $2,371 for State Grant awardees and $530 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,886. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Bakersfield College, the percentage of candidates who opt to avail of student loans is around 1%.