Such schemes include CCNMA Scholarship, Cal Grant A, Cal Grant B, and California State University, Channel Islands - Cal Grant. As many as 83% of the students at CSUCI get some sort of financial aid, and the total amount of assistance/loans provided is more than $17,208,577 in a year. One can visit CSUCI's financial aid page at http://www.csuci.edu/financialaid/index.htm for more information. The total percentage of candidates applying to California State University-Channel Islands who receive the Federal Grant is 53%. In comparison, 78% of the students are awarded the Student Grant, 48% get the Institution Grant, and 53% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,996, and the same stands at $2,491 for State Grant awardees and $5,370 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,538. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CSUCI, an estimated number of 42% of the applicants choose to go for student loans.