Interestingly, almost all of the students at CCM receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $9,107,631 in a year. The total percentage of candidates applying to Concordia College at Moorhead who receive the Federal Grant is 27%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 27% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,507, while the same comes to $5,425 for State Grant receivers and $23,872 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,277. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CCM, an estimated number of 73% of the applicants choose to go for student loans.