Such schemes include Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, Harry Itchkawich Memorial Scholarship, and New England Regional Student Program. It is interesting to note that, every year, around 96% of students at CCRI receive some kind of financial aid, while the total amount of assistance/loans provided is $10,331,111. One can visit CCRI's financial aid page at http://www.ccri.edu/oes/fa/ for more information. The total percentage of candidates applying to Community College of Rhode Island who receive the Federal Grant is 55%. In comparison, 92% of the students are awarded the Student Grant, 47% get the Institution Grant, and 55% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,677, the State Grant receivers and Institution Grant beneficiaries get $3,250 and $448, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,555. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 5% of the applicants to Community College of Rhode Island opt for student loans.