It is interesting to note that, every year, around 71% of students at BTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,979,757. More information regarding the financial assistance schemes can be accessed on BTC’s official financial aid page at http://www.blackhawk.edu/Paying-for-College/Financial-Aid. At BTC, the total percentage of applicants who receive the Federal Grant stands at 58%. On the other hand, 59% of the candidates get the Student Grant, while 58% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,393. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 41% of the applicants to Blackhawk Technical College opt for student loans.