As many as 78% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $315,759 in a year. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://canadacollege.edu/financialaid. Notably, a total of 29% of the applicants to Canada College receive the Federal Grant every year. On the other hand, 78% of the candidates get the Student Grant, 71% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,247, the State Grant receivers and Institution Grant beneficiaries get $1,776 and $992, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,735. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.