As many as 87% of the students at CMCSC get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,333,123 in a year. At CMCSC, the total percentage of applicants who receive the Federal Grant stands at 23%. In comparison, 76% of the students are awarded the Student Grant, 40% get the Institution Grant, and 22% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,038, the State Grant receivers and Institution Grant beneficiaries get $4,922 and $13,723, respectively. And, for the Pell Grant awardees, the average aid amount is $4,699. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 56% of the applicants to Citadel Military College of South Carolina opt for student loans.