Notably, 66% of the students at College of the Canyons get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,789,568. For additional information about financial assistance schemes, one can head over to CC’s financial aid page at http://www.canyons.edu/Offices/FinancialAid/Pages/default_fa.aspx. At CC, the total percentage of applicants who receive the Federal Grant stands at 33%. Meanwhile, 66% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 33% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,533, the State Grant receivers and Institution Grant beneficiaries get $1,982 and $350, respectively. And, for the Pell Grant awardees, the average aid amount is $3,666. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At College of the Canyons, the percentage of candidates who opt to avail of student loans is around 1%.