It is interesting to note that, every year, around 72% of students at BHCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,366,452. For additional information about financial assistance schemes, one can head over to BHCC’s financial aid page at http://www.bhcc.mass.edu/financialaid/. At BHCC, the total percentage of applicants who receive the Federal Grant stands at 62%. On the other hand, 72% of the candidates get the Student Grant, 26% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,950, while the same comes to $947 for State Grant receivers and $298 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,641. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At BHCC, an estimated number of 5% of the applicants choose to go for student loans.