Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Military Service Recognition Scholarships, and New York State Scholarship for Academic Excellence. It is interesting to note that, every year, around 89% of students at CHCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,484,692. More information regarding the financial assistance schemes can be accessed on CHCC’s official financial aid page at http://www.hostos.cuny.edu/ofa/. At CHCC, the total percentage of applicants who receive the Federal Grant stands at 82%. In comparison, 88% of the students are awarded the Student Grant, 26% get the Institution Grant, and 82% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,007, and the same stands at $3,164 for State Grant awardees and $315 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,344. 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. Every year, around 2% of the applicants to CUNY Hostos Community College opt for student loans.