Notably, 86% of the students at California College of the Arts get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,861,071. More information regarding the financial assistance schemes can be accessed on CCA’s official financial aid page at http://www.cca.edu/students/financialaid. Notably, a total of 26% of the applicants to California College of the Arts receive the Federal Grant every year. On the other hand, 85% of the candidates get the Student Grant, 85% receive the Institution Grant, and 26% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,082, and the same stands at $3,850 for State Grant awardees and $22,072 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,870. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $32,719 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $35,068 and $33,190, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $28,539. And, for those with a family income of more than $110,000, the amount stands at $18,905. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 California College of the Arts, the percentage of candidates who opt to avail of student loans is around 35%.