Interestingly, almost all of the students at CCM receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $369,781 in a year. Notably, a total of 98% of the applicants to CEM College-Mayaguez receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 82% are awarded the Institution Grant, while 98% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,327. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CCM, an estimated number of 26% of the applicants choose to go for student loans.