It is interesting to note that, every year, around 33% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,561,007. Notably, a total of 22% of the applicants to Cambridge College receive the Federal Grant every year. On the other hand, 22% of the candidates get the Student Grant, 11% receive the Institution Grant, and 22% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,875. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. Every year, around 33% of the applicants to Cambridge College opt for student loans.