Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $504,000. At CCC, the total percentage of applicants who receive the Federal Grant stands at 100%. Meanwhile, 100% of the applicants receive the Student Grant and 13% are awarded the Institution Grant, while 100% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,977. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Carolina Christian College, the percentage of candidates who opt to avail of student loans is around 100%.