Among them are scholarship programs such as Boettcher Foundation Scholarship, Colorado College - National Merit Scholarship, and Colorado Ski Authority Annual Scholarship. As many as 53% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,678,897 in a year. At CC, the total percentage of applicants who receive the Federal Grant stands at 12%. Meanwhile, 48% of the applicants receive the Student Grant and 47% are awarded the Institution Grant, while 12% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,159, the State Grant receivers and Institution Grant beneficiaries get $5,000 and $37,939, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,784. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 24% of the applicants to Colorado College opt for student loans.