It is interesting to note that, every year, around 83% of students at CNMCC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,989,906. More information regarding the financial assistance schemes can be accessed on CNMCC’s official financial aid page at http://www.cnm.edu/depts/financial-aid. The total percentage of candidates applying to Central New Mexico Community College who receive the Federal Grant is 58%. Meanwhile, 81% of the applicants receive the Student Grant and 27% are awarded the Institution Grant, while 58% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,314, while the same comes to $948 for State Grant receivers and $672 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,075. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Central New Mexico Community College, the percentage of candidates who opt to avail of student loans is around 8%.