Students can avail of scholarships provided by the college, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence, if they find educational expenses to be on the higher side. Notably, 85% of the students at CUNY Borough of Manhattan Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,821,921. One can visit CBMCC's financial aid page at http://www.bmcc.cuny.edu/finaid/ for more information. Notably, a total of 78% of the applicants to CUNY Borough of Manhattan Community College receive the Federal Grant every year. Meanwhile, 84% of the applicants receive the Student Grant and 1% are awarded the Institution Grant, while 78% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,952, while the same comes to $2,975 for State Grant receivers and $1,747 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,514. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 CUNY Borough of Manhattan Community College, the percentage of candidates who opt to avail of student loans is around 4%.