It is interesting to note that, every year, around 72% of students at CIBC receive some kind of financial aid, while the total amount of assistance/loans provided is $286,412. At CIBC, the total percentage of applicants who receive the Federal Grant stands at 68%. Meanwhile, 68% of the applicants receive the Student Grant, while 68% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,893. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CIBC, an estimated number of 68% of the applicants choose to go for student loans.