Interestingly, almost all of the students at CO receive some sort of financial aid. For additional information about financial assistance schemes, one can head over to CO’s financial aid page at http://www.cofo.edu/Page/Admissions/Financial-Aid.html. At CO, the total percentage of applicants who receive the Federal Grant stands at 57%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 57% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,513, while the same comes to $1,892 for State Grant receivers and $15,386 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,970. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $22,666 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,888 and $20,689, respectively. 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.