Notably, 84% of the students at Cedar Valley College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,754,465. Notably, a total of 63% of the applicants to Cedar Valley College receive the Federal Grant every year. In comparison, 82% of the students are awarded the Student Grant, 9% get the Institution Grant, and 50% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,904, the State Grant receivers and Institution Grant beneficiaries get $1,558 and $1,536, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,211. 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. 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 CVC, an estimated number of 17% of the applicants choose to go for student loans.