It is interesting to note that, every year, around 84% of students at CCC receive some kind of financial aid, while the total amount of assistance/loans provided is $696,373. More information regarding the financial assistance schemes can be accessed on CCC’s official financial aid page at http://www.ccc.commnet.edu/financialAid.htm. Notably, a total of 77% of the applicants to Capital Community College receive the Federal Grant every year. In comparison, 83% of the students are awarded the Student Grant, 21% get the Institution Grant, and 77% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,509. 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. 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 CCC, an estimated number of 3% of the applicants choose to go for student loans.