Interestingly, almost all of the students at CC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $15,697,989 in a year. Notably, a total of 31% of the applicants to Carthage College receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 98% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,972, while the same comes to $2,996 for State Grant receivers and $27,236 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,376. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Carthage College, the percentage of candidates who opt to avail of student loans is around 78%.