As many as 86% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,576,991 in a year. At CC, the total percentage of applicants who receive the Federal Grant stands at 43%. Meanwhile, 63% of the applicants receive the Student Grant and 45% are awarded the Institution Grant, while 43% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,143, and the same stands at $5,734 for State Grant awardees and $1,825 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,232. 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. 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. At Cogswell College, the percentage of candidates who opt to avail of student loans is around 76%.