It is interesting to note that, every year, around 69% of students at CAC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,377,406. More information regarding the financial assistance schemes can be accessed on CAC’s official financial aid page at http://centralaz.edu/admissions/paying-for-college/financial-aid/. Notably, a total of 45% of the applicants to Central Arizona College receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 36% are awarded the Institution Grant, while 45% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,130, the State Grant receivers and Institution Grant beneficiaries get $2,723 and $2,853, respectively. And, for the Pell Grant awardees, the average aid amount is $4,033. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 11% of the applicants to Central Arizona College opt for student loans.