Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship. A significant number of students at CCMS receive some kind of financial aid, and the total amount of assistance/loans provided is more than $609,141 in a year. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,950. 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. 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.