Such schemes include Boettcher Foundation Scholarship, Colorado Ski Authority Annual Scholarship, and Western Undergraduate Exchange. It is interesting to note that, every year, around 68% of students at CCA receive some kind of financial aid, while the total amount of assistance/loans provided is $5,778,398. The total percentage of candidates applying to Community College of Aurora who receive the Federal Grant is 50%. In comparison, 67% of the students are awarded the Student Grant, 19% get the Institution Grant, and 50% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,374, the State Grant receivers and Institution Grant beneficiaries get $2,253 and $1,881, respectively. And, for the Pell Grant awardees, the average aid amount is $3,418. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At CCA, an estimated number of 21% of the applicants choose to go for student loans.