Notably, 88% of the students at CUNY Bronx Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,550,647. More information regarding the financial assistance schemes can be accessed on CBCC’s official financial aid page at http://www.brooklyn.cuny.edu/financialaid. At CBCC, the total percentage of applicants who receive the Federal Grant stands at 80%. In comparison, 86% of the students get the Student Grant, and 80% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,469. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CBCC, an estimated number of 3% of the applicants choose to go for student loans.