Such schemes include Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship. Interestingly, almost all of the students at CCAD receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,349,914 in a year. At CCAD, the total percentage of applicants who receive the Federal Grant stands at 41%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,938, and the same stands at $2,915 for State Grant awardees and $16,981 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,726. 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. 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 Columbus College of Art and Design, the percentage of candidates who opt to avail of student loans is around 73%.