As many as 84% of the students at CC receive some kind of financial aid, shows the latest data. For additional information about financial assistance schemes, one can head over to CC’s financial aid page at http://www.chipola.edu/financialaid/index.htm. At CC, the total percentage of applicants who receive the Federal Grant stands at 51%. On the other hand, 75% of the candidates get the Student Grant, 15% receive the Institution Grant, and 50% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,106, while the same comes to $1,974 for State Grant receivers and $4,341 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,073. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe.