It is interesting to note that, every year, around 96% of students at COC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,111,057. At COC, the total percentage of applicants who receive the Federal Grant stands at 89%. In comparison, 89% of the students are awarded the Student Grant, 11% get the Institution Grant, and 89% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,362. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At COC, an estimated number of 85% of the applicants choose to go for student loans.