It is interesting to note that, every year, around 64% of students at BTC receive some kind of financial aid, while the total amount of assistance/loans provided is $816,954. The total percentage of candidates applying to Bates Technical College who receive the Federal Grant is 49%. On the other hand, 59% of the candidates get the Student Grant, 13% receive the Institution Grant, and 49% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,801, while the same comes to $3,225 for State Grant receivers and $1,632 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,560. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At BTC, an estimated number of 19% of the applicants choose to go for student loans.