It is interesting to note that, every year, around 61% of students at CPCC receive some kind of financial aid. For additional information about financial assistance schemes, one can head over to CPCC’s financial aid page at http://www.cpcc.edu/financial_aid. Notably, a total of 47% of the applicants to Central Piedmont Community College receive the Federal Grant every year. On the other hand, 55% of the candidates get the Student Grant, 6% receive the Institution Grant, and 47% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,174, and the same stands at $1,557 for State Grant awardees and $2,298 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,635. 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. 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 CPCC, an estimated number of 1% of the applicants choose to go for student loans.