Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,108,406. At CBC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 100% of the students are awarded the Student Grant, 98% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,171, while the same comes to $1,365 for State Grant receivers and $7,328 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,155. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 CBC, an estimated number of 71% of the applicants choose to go for student loans.