As many as 70% of the students at CVCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on CVCC’s official financial aid page at http://www.cvcc.edu/Student_Services/Financial_Aid/. Notably, a total of 52% of the applicants to Catawba Valley Community College receive the Federal Grant every year. In comparison, 69% of the students are awarded the Student Grant, 7% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,972, while the same comes to $1,605 for State Grant receivers and $1,352 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,874. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 CVCC, an estimated number of 2% of the applicants choose to go for student loans.