Students can avail of scholarships provided by the college, such as AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Betty Garrett Musical Theatre Scholarship, and Grant Program for Descendants of Police, Fire, or Correctional Officers, if they find educational expenses to be on the higher side. Notably, 94% of the students at Columbia College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $65,968. At CC, the total percentage of applicants who receive the Federal Grant stands at 94%. In comparison, 94% of the students are awarded the Student Grant, 91% get the Institution Grant, and 94% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,265. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 3% of the applicants to Columbia College opt for student loans.