It is interesting to note that, every year, around 50% of students at BCCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,477,984. At BCCC, the total percentage of applicants who receive the Federal Grant stands at 32%. In comparison, 37% of the students are awarded the Student Grant, 3% get the Institution Grant, and 32% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,668, the State Grant receivers and Institution Grant beneficiaries get $1,255 and $4,008, respectively. And, for the Pell Grant awardees, the average aid amount is $3,635. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BCCC, an estimated number of 13% of the applicants choose to go for student loans.