Such schemes include Constance L. Lloyd/ACMPE Scholarship, Covenant College - Tuition Waiver Exchange Program, Georgia Public Safety Memorial Grant, and Georgia Tuition Equalization Grant. It is interesting to note that almost every student at CC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,006,279. At CC, the total percentage of applicants who receive the Federal Grant stands at 26%. Meanwhile, 99% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 26% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,186, the State Grant receivers and Institution Grant beneficiaries get $4,583 and $20,866, respectively. And, for the Pell Grant awardees, the average aid amount is $4,309. 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. 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. At CC, an estimated number of 51% of the applicants choose to go for student loans.