It is interesting to note that, every year, around 95% of students at CCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,367,786. At CCTC, the total percentage of applicants who receive the Federal Grant stands at 71%. In comparison, 95% of the students are awarded the Student Grant, 3% get the Institution Grant, and 68% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,830, and the same stands at $2,920 for State Grant awardees and $567 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,536. 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. 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. Every year, around 17% of the applicants to Central Carolina Technical College opt for student loans.