It is interesting to note that, every year, around 78% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,669,664. For additional information about financial assistance schemes, one can head over to CC’s financial aid page at http://www.cypresscollege.edu/admissions/financialAid. Notably, a total of 47% of the applicants to Cypress College receive the Federal Grant every year. In comparison, 77% of the students are awarded the Student Grant, 1% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,153, and the same stands at $2,153 for State Grant awardees and $1,620 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,078. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 1% of the applicants to Cypress College opt for student loans.